Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
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Update: This coin has pretty much bottomed out. Wave 2 retracement is not where it is shown in the above chart since we have moved even lower. On the below chart, I've moved the wave timeline a bit further to the right and you can see where the new wave 2 retracement is. Note
We can go a bit lower, but RSI is showing oversold territory. As long as we remain above $30, chart is valid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.