This chart illustrates an Elliott Wave analysis of BCH Perpetual Futures on Binance, indicating a potential downward move. The price structure suggests that BCH has completed a corrective wave and is now resuming its downtrend. The prominent red arrow highlights a projected wave (5) continuation towards the $250-$260 range. If the structure holds, this could align...
The ARC/USDT perpetual contract on Binance has completed a classic 5-wave Elliott impulse pattern, peaking at wave (5). Based on Elliott Wave Theory, a corrective ABC pattern is expected, with wave A initiating a decline.
Entry: Short position near wave (5) peak
Target: Wave C completion zone around 0.056
Stop Loss: Above recent high near 0.0817
The...
Analyzing Bitcoin Cash ( BINANCE:BCHUSD.P BCH) on the 1D timeframe using Elliott Wave theory, we observe a potential bearish continuation forming.
🔹 Wave Count & Structure
The primary structure suggests a Wave 4 correction has completed, leading to a possible Wave 5 decline.
A descending triangle formation has been broken, with an (A)-(B)-(C)-(D)-(E) wave...
Analyzing Bitcoin Cash (BCH) on the 1H timeframe using Elliott Wave theory, we observe a potential bearish continuation forming.
🔹 Wave Count & Structure
The primary structure suggests a Wave 4 correction has completed, leading to a possible Wave 5 decline.
A descending triangle formation has been broken, with an (A)-(B)-(C)-(D)-(E) wave structure confirming the...
