YFIBTC shows a very distinct ABCDE pattern that started on Sept 12th 2020 and ended on Feb 9th
The pair is now bullish with 5 waves swing completed on Feb 12th
Now the question remains whether the correction ended or whether we are in a B that will be followed by a C towards the 0.77 level
I prefer the second scenario considering the current choppiness of the market
At contrary if the previous high is overtaken, it would be a strong buy signal
The mid term/long term target is not well defined but in any scenario it would be of course higher than the major A
See further updates in comment section
The pair is now bullish with 5 waves swing completed on Feb 12th
Now the question remains whether the correction ended or whether we are in a B that will be followed by a C towards the 0.77 level
I prefer the second scenario considering the current choppiness of the market
At contrary if the previous high is overtaken, it would be a strong buy signal
The mid term/long term target is not well defined but in any scenario it would be of course higher than the major A
See further updates in comment section
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ABC looks complete
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.