Testing/tracking eilliot wave theory. Please do not trade off idea without S/L, not financial advice.
Link to previous chart:
Chart is similar to Vtho.
Potential drop: 72%
Potential gain: 495%
RR: 6.79
Wave 5 target: 0.4442
To me the bottom looks like it's in, however this is crypto and anything goes. Chart is still valid if we get a drop as long as we remain above the 72% drop. We're looking for the wave (4) bottom; either it's in or we can go lower. IMO the bottom for wave 4 is in. I thought it was in long ago if you look at the previous chart. Normally wave 4 retracements are quick and aren't as long and extended as this one is.
Link to previous chart:
Chart is similar to Vtho.
Potential drop: 72%
Potential gain: 495%
RR: 6.79
Wave 5 target: 0.4442
To me the bottom looks like it's in, however this is crypto and anything goes. Chart is still valid if we get a drop as long as we remain above the 72% drop. We're looking for the wave (4) bottom; either it's in or we can go lower. IMO the bottom for wave 4 is in. I thought it was in long ago if you look at the previous chart. Normally wave 4 retracements are quick and aren't as long and extended as this one is.
Note
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.
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.