Ethereum Classic / BitcoinUpdated ETC to Elliot Wave...?
We got the 5th wave, and now it goes to 0,382 fib retracement.
at 2 hours timeframe, RSI nearing oversold, I expect another jump.
Will it make another ATH..?
But at daily timeframe, RSI is already at overbought, so I expecting the next jump will halt at around 0,236 fib, and then goes down again to around 0,5 to 0.618 fib, or maybe even more, making A-B-C correction, making a perfect Elliot Wave, and then make another new wave, hoping for another new ATH.
at 2 hours timeframe, RSI nearing oversold, I expect another jump.
Will it make another ATH..?
But at daily timeframe, RSI is already at overbought, so I expecting the next jump will halt at around 0,236 fib, and then goes down again to around 0,5 to 0.618 fib, or maybe even more, making A-B-C correction, making a perfect Elliot Wave, and then make another new wave, hoping for another new ATH.
Note
all market crash, and it just dumped, LoL.bounce back at 0.618, good price to buy, but I would not recommend it, as market is still unstable.
Note
breaking resistance, and moving up. maybe it's really a sign of reversal. good to buy
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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.