✴️ elrond 333% Bullish Wave Mapped | #1, #2 & #3 Explained
The market has periods when its behaviour is quite hard to predict, it goes "sideways" with erratic moves to one side or the other, one can never know for sure if the next move is a breakout or down, a higher high or lower low.
Then there are periods when the market behaviour is easily predictable. Once we can confirm we are in one of those periods we can know with a high level of certainty what happens next, these periods are what we call trends.
On the left side we have a downtrend, easy to see. Lower highs and lower lows.
We are in the process of entering a new uptrend now based on the high volume, bullish indicator and rounded bottom. In an uptrend we will see higher highs and higher lows.
Then we have the "mirror image", if the decline on the left side was steep, we can expect the rise to behave in similar ways.
We can expect a strong wave up (#1), then a medium-term correction (#2) followed by additional growth (#3).
The bear market but in reverse.
This is a simplified version of a bigger picture but I hope it gets the message across.
I can see Elrond (EGLDUSDT) producing 333% in the initial wave.
Namaste.
Then there are periods when the market behaviour is easily predictable. Once we can confirm we are in one of those periods we can know with a high level of certainty what happens next, these periods are what we call trends.
On the left side we have a downtrend, easy to see. Lower highs and lower lows.
We are in the process of entering a new uptrend now based on the high volume, bullish indicator and rounded bottom. In an uptrend we will see higher highs and higher lows.
Then we have the "mirror image", if the decline on the left side was steep, we can expect the rise to behave in similar ways.
We can expect a strong wave up (#1), then a medium-term correction (#2) followed by additional growth (#3).
The bear market but in reverse.
This is a simplified version of a bigger picture but I hope it gets the message across.
I can see Elrond (EGLDUSDT) producing 333% in the initial wave.
Namaste.
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