Alikze »» TONCOIN | Corrective scenario of ending wave 3
Updated
💎 In the daily and weekly time, it is moving in an ascending channel, and currently the current wave of the 3rd ascending wave has started from the bottom of the channel.
💎 Scenario 1: Currently, it is placed in an important resistance, which according to the shaded area in the confirmation of its correction process, we can wait for the candle to confirm that this correction can continue until the green box area, which is also in the midline of the channel.
💎 Therefore, it is not recommended to buy at the moment and you should wait for the range break to continue the process.
🔔 Scenario 2: otherwise, correction should be seen up to the green box area. In case of a break, this upward trend can continue up to the channel ceiling.
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💎 Scenario 1: Currently, it is placed in an important resistance, which according to the shaded area in the confirmation of its correction process, we can wait for the candle to confirm that this correction can continue until the green box area, which is also in the midline of the channel.
💎 Therefore, it is not recommended to buy at the moment and you should wait for the range break to continue the process.
🔔 Scenario 2: otherwise, correction should be seen up to the green box area. In case of a break, this upward trend can continue up to the channel ceiling.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
Comment
According to the analysis, it has experienced more than 36% drop so far.Comment
According to the movement path after the 49% correction to the green box range, it is currently formed with a reversal candle within the range of an upward wave. Now, if he can break the supply zone, he can continue up to the ceiling of the growth channel. In case of selling pressure, this upward corrective wave can be extended to the green box area, and in case of a break, it can be extended to the $3 range.If the post is useful, support it with likes and comments.
Comment
According to the first behavioral scenario, the correction continued to the green box area, after which it experienced an 80% retracement with a re-demand to the 1.618 Fibo area. Currently, due to the fact that it is in the support zone and despite the accelerated downward momentum, this correction can extend to the origin of the movement of the 3.12 range after the break of the middle of the channel. 
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