mptrading74675

mptrading74675

This is most likely the bottom. A triple three is possible but I assume that too many traders who got left behind are waiting for lower prices.

mptrading74675

IOTA pump tomorrow, later or never. Description is in the chart.

mptrading74675

Looks similar to Ethereums impulse wave. Probably not a bad moment to average out.

mptrading74675

Self-explaining

mptrading74675

The impulse wave of 2015 - 2017 could repeat in a similar manner. The chart of 2020 - 2021 looks relatively alike so far. I projected the potential waves with the trend based tools. You get a slightly different result with close prices. Also, back then we had the volume peaking with a huge amount at the end of wave one, tricking people to believe it's over just...

mptrading74675

The target based on the head and shoulders of the previous cycle leads to (round about) $ 9. That is a similar region like the trend based 3.0 extension of the monthly pivot points. Let's see how this plays out.

mptrading74675

This could potentially form an ascending triangle 3-3-3-3-3 as a wave four (wave two was a flat 3-3-5).

mptrading74675

My guess is that we are probably at the bottom of the depression phase of a market cycle. Let's see how this plays out.