wescapist

wescapist

Hi and welcome back to my analysis channel. It's been a while since I posted my last trading idea and I would like to sart with EGLD since the chart says to us that we should close some positions because wave III is ending its formation soon. The next step is wave IV that will make a correction in the range between 130-160, after which we will be able to enter the...

wescapist

The chart possibly ended its 5 wave rally and now it's going into a corrective wave. We should take maximum profit from it. To make the trade more secure, we need to divide it into at least 3 entries. 1st entry to close at first target. Second entry to go at the end of the blue arrow that indicates the end of (C) wave. The 3rd entry will be held until the chart...

wescapist

The wave was formed and now we are going into a correction. After this we should take profit on the last wave that will reach the initial target of the long position

wescapist

The price is finishing to form the triangle d wave and after the last e wave he will start to go bearish to complete the correction that meet all criterias of a zig-zag from Elliott Wave Theory. After the end of correction the price will go up to break the historical top. Here is the trade you can make on the last (c) wave, but this is a risky entry. A...

wescapist

After the analysis of the chart by the Elliott Waves Theory rules, I noticed that the price is currently in the wave 4 of a bigger impulse, and the present move is situated in the wave of (b) of c . The structure forming in the wave 4 is a zig-zag with clear impulses, so the forecast should be pretty clear because the targets have not much space to develop,...

wescapist

Once upon a time... After a five wave impulse... After a first A wave of correction... A triangle has come and said: "In correction we trust" Familiar story, isn't it? Actually, all the cryptos I've analysed have like the same nature, the same wave structures. All of them so far are moving into a triangle at the moment, and predict a further fall to end the...

wescapist

EGLD is a crypto that, like other ones is developing a 5 wave triangle after which will fall to end the corrective wave of the chart. If cryptocurrency has on its mind to settle better in world's economy, then all these correction give us the second chance to enter the crypto market on a lower price Thanks to Elliott Wave, I managed to set possible goals for the...

wescapist

Ethereum is in the wave (C) of of III and like the main Elliott Wave count says it started to go into a bearish impulse after a triangle formation. This is why it is similar to Bitcoin: They both formed a triangle recently they both are in a corrective wave and go bearish. The alternative count says that the final E wave of the triangle hasn't formed...

wescapist

The main count: The big wave of correction is now ended, and the 5th wave started to grow. This variant suppose a double three truncation, moreover the wave is 4 times smaller than wave, well it is still a fibo number, but it is rare met on the market. The alternative count:(the count I think will become valid): The price is currently in the wave (D) and...

wescapist

I suppose that the wave (c) of B of (4) has started after the last waves that formed impulse and stopped in the zone of wave 4 of a smaller degree from the last impulse wave. There is also an alternative count that says the correction has ended by a triple zig-zag and the supposed wave B will be the wave (5) . That is why the target is set on the resistance...

wescapist Updated 

Currently we are in the (b) of B of (4) wave in an impulsive move that show us the gold will go up next years, but for now we will have an impulsive wave (c) after the correction formation. It is a position that will be held a couple of days.