#WLDUSDT Elliot Wave Analysis
Updated
Good day fellow traders!
I do not like to analyse new stock or crypto because it is impossible to dermene in which wave we are in right now without some back story as well as properly predict global trend.
Situation with #WLDUSDT is the same, but there are few noticable price marks which allowed me to guess current wave count.
There are very little information about price of #WLDUSDT before listing on crypto exchanges, but few price marks are may be followed - 0.3 and 1.8 at the time of listing.
Considering how quickly that growth was made, I assume it was Wave 3 of bigger Wave 1. After the listing, price quickly moved to 2.7, retracted back to 1.9 and hit all time high at 3.4. It is well correspondes with Currently we are in a correction either ABC or ABCDE triangle.
Another thing to keep in mind, that circulating supply is very limited (112 mil) and the coin already maiking a lot of noise.
SL and TP are on the chart.
Good luck!
I do not like to analyse new stock or crypto because it is impossible to dermene in which wave we are in right now without some back story as well as properly predict global trend.
Situation with #WLDUSDT is the same, but there are few noticable price marks which allowed me to guess current wave count.
There are very little information about price of #WLDUSDT before listing on crypto exchanges, but few price marks are may be followed - 0.3 and 1.8 at the time of listing.
Considering how quickly that growth was made, I assume it was Wave 3 of bigger Wave 1. After the listing, price quickly moved to 2.7, retracted back to 1.9 and hit all time high at 3.4. It is well correspondes with Currently we are in a correction either ABC or ABCDE triangle.
Another thing to keep in mind, that circulating supply is very limited (112 mil) and the coin already maiking a lot of noise.
SL and TP are on the chart.
Good luck!
Trade active
Going strong as previewed before. Will upload alternative scenario in a bitTrade active
Going according to the plan!Moved stop a bit higher - wave E 2.2
Trade closed: stop reached
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