I have made an Elliott wave analysis to learn and combine with Gann, so this is not a financial advise. Trade at your own risk.
Lets see if my crystal ball works or not.
I also placed a Gann fan to the top before hard dump.
Wave 1 Fibonacci => Yellow
Wave 3 Fibonacci => Orange
Wave 4 Fibonacci => Blue
Wave 5 Fibonacci => Magenta
Lets see if my crystal ball works or not.
I also placed a Gann fan to the top before hard dump.
Wave 1 Fibonacci => Yellow
Wave 3 Fibonacci => Orange
Wave 4 Fibonacci => Blue
Wave 5 Fibonacci => Magenta
- Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
- Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
- Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
- There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3
Trade closed: target reached:
Wave 4 was 14.6% so ETH will go to 215-220 something.