Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The bottom for this coin is in. Wave (2) was around $8. We bottomed out here around $13. Well technically we can still go down to $9 and that would be the bottom, but that is cutting it real close. Going near there or if we go lower, this chart is invalid and the wave counts are off.
The bottom for this coin is in. Wave (2) was around $8. We bottomed out here around $13. Well technically we can still go down to $9 and that would be the bottom, but that is cutting it real close. Going near there or if we go lower, this chart is invalid and the wave counts are off.
Trade active:
RR: 19.6
Possible upside: 833%
Possible downside: 42-48% ( Going lower than this would make this chart invalid)
My count will be off since wave 4 will have retraced lower than wave 2.
Possible upside: 833%
Possible downside: 42-48% ( Going lower than this would make this chart invalid)
My count will be off since wave 4 will have retraced lower than wave 2.
Comment:
Zoomed in: Timeframe 4h