Hello traders and investors,
If we still consider the idea of a 1-2 1-2, and we keep a bullish long term sentiment on this pair, we could consider last week deep impulse (someone called it the liquidation spike) as part of wave 2 correction. In particular, a-b-c flat regular. with wave C ending at 61.8% of wave minute green degree.... (what a coincidence?).
I think we still need to see a clear bullish impulse that resumes the main trend (which I call wave 3 minutes of wave 3 minor of wave 3 intermediate).
Know, we can discuss the wave degrees, but something very clear to me is: I keep my ETC in my portfolio!!!
Thanks for reading and your appreciation for the recent analysis.
If we still consider the idea of a 1-2 1-2, and we keep a bullish long term sentiment on this pair, we could consider last week deep impulse (someone called it the liquidation spike) as part of wave 2 correction. In particular, a-b-c flat regular. with wave C ending at 61.8% of wave minute green degree.... (what a coincidence?).
I think we still need to see a clear bullish impulse that resumes the main trend (which I call wave 3 minutes of wave 3 minor of wave 3 intermediate).
Know, we can discuss the wave degrees, but something very clear to me is: I keep my ETC in my portfolio!!!
Thanks for reading and your appreciation for the recent analysis.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.