Assuming that we are in Wave-5 of the larger Wave-5 of the bull cycle, it appears that an ending-diagonal Elliott-Wave is playing out.
Because Wave-3 is smaller than Wave-1, we can say that Wave-5 cannot exceed the length of Wave-3 at the 2.03T resistance, as Wave-3 may not be the smallest wave.
This aligns with the full 4.236 Fibonacci Extension target of the 2018 bear market,
I am expecting a nice rally for some coins that haven't moved yet, and then a major crash in the short to medium term.
(the 2 white lines are clones of Wave-3's length, logarithmic scale distorts the sizes)
Because Wave-3 is smaller than Wave-1, we can say that Wave-5 cannot exceed the length of Wave-3 at the 2.03T resistance, as Wave-3 may not be the smallest wave.
This aligns with the full 4.236 Fibonacci Extension target of the 2018 bear market,
I am expecting a nice rally for some coins that haven't moved yet, and then a major crash in the short to medium term.
(the 2 white lines are clones of Wave-3's length, logarithmic scale distorts the sizes)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.