WARNING! Big Dump For Altcoins Will Start Tomorrow!
Hello, Skyrexinans!
Couple of weeks ago we also warned you on the weekend that on the next week can start the huge dump on the crypto market and on altcoins especially. Today we received the red alert again that we have to be ready for the drop which will start tomorrow.
Let's take a look at the daily chart. Here we can see that price has already completed 4 waves of 5 of the Elliott waves cycle. Wave 4 is the triangle shaped, that's why it has not even reached the 0.38 Fibonacci retracement. In our opinion it's finished and now it's time for the wave 5, which has the target approximately at 7%. When we will see divergence with AO and green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] it can be the historical moment when the price will show us the reversal.
Best regards,
Skyrexio Team
___________________________________________________________
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Couple of weeks ago we also warned you on the weekend that on the next week can start the huge dump on the crypto market and on altcoins especially. Today we received the red alert again that we have to be ready for the drop which will start tomorrow.
Let's take a look at the daily chart. Here we can see that price has already completed 4 waves of 5 of the Elliott waves cycle. Wave 4 is the triangle shaped, that's why it has not even reached the 0.38 Fibonacci retracement. In our opinion it's finished and now it's time for the wave 5, which has the target approximately at 7%. When we will see divergence with AO and green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] it can be the historical moment when the price will show us the reversal.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
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.