Using the Elliott waves theory on the logarithm chart. DOT coin is about to start the fifth wave.
The Elliott Wave principle consists of impulse and corrective waves at its core.
It has three unbreakable rules that define its formation:
1. Wave 2 always retraces less than 100% of the wave 1.
2. Wave 3 can never be the shortest of the three impulse waves.
3. Wave 4 does not overlap with the price territory of the wave 1.
The Elliott Wave principle consists of impulse and corrective waves at its core.
It has three unbreakable rules that define its formation:
1. Wave 2 always retraces less than 100% of the wave 1.
2. Wave 3 can never be the shortest of the three impulse waves.
3. Wave 4 does not overlap with the price territory of the wave 1.