Triangles in Elliott Wave Theory indicate a 4th or B wave depending on the direction of price action or the the structure (impulsive/corrective)...what's good about triangles is that they almost always indicate that a final leg is imminent, e.g. a 4th wave triangle means the 5th and final wave is next, a B wave triangle means the final C wave correction is next.
Almost all alt coins, ETH, SOL, AVAX, etc, etc, have just printed a triangle of some sort and then proceeded to fall downwards out of the triangle pattern, ETH specifically printed a triangle and final leg down back in June 2021 (exactly one year ago coincidentally).
Is the bottom in for alt coins? ETH hit the 0.382 extension and there is bullish divergence on RSI...it could be the final leg for this bearish drive from the ATH.
Almost all alt coins, ETH, SOL, AVAX, etc, etc, have just printed a triangle of some sort and then proceeded to fall downwards out of the triangle pattern, ETH specifically printed a triangle and final leg down back in June 2021 (exactly one year ago coincidentally).
Is the bottom in for alt coins? ETH hit the 0.382 extension and there is bullish divergence on RSI...it could be the final leg for this bearish drive from the ATH.