We can see a type of triangle going on on this Cryptocurrency, we have an Elioot Impulse wich was the top and started consolidting, ABCs going on and I used ghost feed to show what Im expecting to happen, scroll down to see Eliott Impulse.
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4H Chart - We can see a clear Eliott Impulse, if you measure the first wave you'll have 11263043180 Pips ( x 1.618 = 18223603865.24 Pips = Third Wave). We can see it was the highest price and then it started consolidating
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Trade was completed and about to reach -0.27 retracement
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-0.618 reached
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We can see yesterday cryptocurrenccies had a downfall, because most of them are forming there first or second wave, on this case I followed bullish impulse for months so I could catch second wave on ETH and an Elliott Impulse was completed. - if you measure 0-1 (first wave) it will give you 31963782551 - multiply 31963782551 times 2.618 - (31963782551 x 2.618 = 83681182718.518) - 4-5 measures 83681182718.518 (third wave) You can see it was completed right around top and began bearish impulse.
- I used same Fibonacci measure from last analysis so you can see how all corrections are at -0.27, -0.618 and -1.618. - Even used MACD to show how Elliott Impulse was respected