The recent rise is not yet significant and sustainable enough to convince us that the low of the magenta wave alt.(c) has already been placed. This scenario (37%) would require a rise above the resistance at $0.9479 for confirmation. For the time being, we stick to our assumption that the altcoin should bounce back and fall below the support at $0.2874 before placing the low of the magenta wave (c).
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.