Inverse H&S on XRPBTC: Elliott Wave 3 incoming?
- Inverse H&S formation in long term view
- Looks like Wave 1 and 2 have completed and wave 3 would require a clean breakout above 10.5k - 11k satoshi (breakout point)
- Volume is up (Bullish)
- Whole market is going up
- If this follows the EW rule of alternation I could see wave 3 having a stronger impulse with a shorter timeframe (simple correction) than wave 1 and 2 (complex correction)
I only indicated waves 3 4 and 5, it's not a prediction of where price is going
This is not financial advice :)
- Looks like Wave 1 and 2 have completed and wave 3 would require a clean breakout above 10.5k - 11k satoshi (breakout point)
- Volume is up (Bullish)
- Whole market is going up
- If this follows the EW rule of alternation I could see wave 3 having a stronger impulse with a shorter timeframe (simple correction) than wave 1 and 2 (complex correction)
I only indicated waves 3 4 and 5, it's not a prediction of where price is going
This is not financial advice :)
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