After a clear 5-wave move to the downside, establishing a bear market, we can see a three wave ABC corrective move to the upside. Trends can easily be defined as having clear swings with minimum overlaps, which is shown in the 5-wave pattern here. Corrective patterns generally have many overlaps and less clear swings, as can be shown by the ABC move.
I see this as a likely top of a C-wave , where a bear market will continue.
#atausdt ATA / TetherUS BINANCE:ATAUSDT idrischart ata usdt buy 0. 40 spot short term 1.tp 0.55 (2) tp.74 mid term (3) tp 0.90 long term (4) tp 1.15 (5) tp 1.60
After a clear 5-wave move to the downside, establishing a bear market, we can see a three wave ABC corrective move to the upside. Trends can easily be defined as having clear swings with minimum overlaps, which is shown in the 5-wave pattern here. Corrective patterns generally have many overlaps and less clear swings, as can be shown by the ABC move.
I see this as a likely top of a C-wave , where a bear market will continue.
Bitcoin Bottom Detector: W Timeframe Bitcoin / U.S. dollar BITSTAMP:BTCUSD MJShahsavar I Published this indicator in tradingview you can find it in the link below: Use this indicator in the weekly time frame: One of […]
DOTUSDT 2D DOT / TetherUS PERPETUAL FUTURES BINANCE:DOTUSDTPERP Secondchancecrypto hi friends, DOT has maintained its long-term channel and has now broken the daily cloud after a long time, regaining its 60-day moving average support and […]
