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.
Analysis on LUNA Luna / TetherUS BINANCE:LUNAUSDT Vyper_x If Luna breaks the mini structure, we short it and if it breaks out upward , we long it
ETHEREUM: HITTING THE RESISTANCE. ETH/USD COINBASE:ETHUSD Dexter_The_Trader Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It’s good to see the market making some greens but we […]
CelerNetWork Bulish – CelrUsdt D Celer Network / TetherUS BINANCE:CELRUSDT naser57 I would like to take a long position here. Upward trend based on pullback on the trend line .