NANO Working Out a Wave 3?
Updated
Been hung up for a bit with some resistance from a trend line (green) after another nice little move.
Seems if it can break and hold above the green line, we could be seeing a nice wave 3, after a classic ABC wave 2,
and yesterdays lovely 20% wave 1.
Lets see how it plays out.
Seems if it can break and hold above the green line, we could be seeing a nice wave 3, after a classic ABC wave 2,
and yesterdays lovely 20% wave 1.
Lets see how it plays out.
Note
Well, that didn't seem to continue with the type of strong upward trajectory one might expect from a full blown bullish wave 3. That first one hour candle after "wave 2" DID show signs of that strong upward movement. Looking at this the next day with an eye towards elliot waves, I would suspect that we had a short wave 3, are already into wave 4, (and maybe 5) and we will see a truncated wave 5... as wave 3 can not be the shortest.I get into the most trouble using elliot wave as predictors, but it's fun for me if I nail one. Sadly, the ones I publish never seem to hit as well as the ones I keep private! Go figure. Thanks for checking this out. Best of luck with all you do in the cryptoverse. Cheers
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