I draw a theoretical movement in Elliott Waves for Monero.
This is not a serious analysis - only some thinking.
As I´m not very firm with EW - and I´ve read that the EW-analysis is very personel and full of possible faults - I ask you what you think of it.
Is it possible what I drew?
Scenario A)
We´ve reached the bottom and Monero will rise in a 12345 impulsive wave.
Scenario B)
We´ve not finished a supercycle corrective ABC wave. And the bottom is much deeper.
Thanks a lot for your comments!!!!
This is not a serious analysis - only some thinking.
As I´m not very firm with EW - and I´ve read that the EW-analysis is very personel and full of possible faults - I ask you what you think of it.
Is it possible what I drew?
Scenario A)
We´ve reached the bottom and Monero will rise in a 12345 impulsive wave.
Scenario B)
We´ve not finished a supercycle corrective ABC wave. And the bottom is much deeper.
Thanks a lot for your comments!!!!
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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.