Hi XRShib Fans,
i think this trade at 210.593 (which really happened) is a first wave but not sure bc of the lack of data in the chart. At least for me it is not possible do define clean 5 waves to the top. Caution!
Based on my assumption that the top is a first wave, the logical first subwave of wave number 3 is at .382 or .618. - see cheatsheet with fib targets.
Fundamental: If you look at the roadmap of XRShib, there is an entry - Play to Earn Game, i think such models have a great future. Great Future = long and strong waves. Long and strong waves are most of the time out of a first wave which had their top at .382.
That's why i think the .382 retracement is more likely. End of the story.
Be Cautious since there is no guarantee that the top is really a first wave. ;)
Alternative: There is still an opportunity that this coming wave is a big corrective B Wave. I'm not a fan of this idea because of the needed time of this correction from the top to the bottom, but hey, this is crypto, everything can happen right? ;)
Long story short: i guess it's time to add this coin into our pockets.
Greetings
i think this trade at 210.593 (which really happened) is a first wave but not sure bc of the lack of data in the chart. At least for me it is not possible do define clean 5 waves to the top. Caution!
Based on my assumption that the top is a first wave, the logical first subwave of wave number 3 is at .382 or .618. - see cheatsheet with fib targets.
Fundamental: If you look at the roadmap of XRShib, there is an entry - Play to Earn Game, i think such models have a great future. Great Future = long and strong waves. Long and strong waves are most of the time out of a first wave which had their top at .382.
That's why i think the .382 retracement is more likely. End of the story.
Be Cautious since there is no guarantee that the top is really a first wave. ;)
Alternative: There is still an opportunity that this coming wave is a big corrective B Wave. I'm not a fan of this idea because of the needed time of this correction from the top to the bottom, but hey, this is crypto, everything can happen right? ;)
Long story short: i guess it's time to add this coin into our pockets.
Greetings
