Wave 2 never retraces more than 100% of wave 1. (done) Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. (Incoming) Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
Wave 4 Should not pass 0.00046789 for the proper Elliot Wave to take place
In areas where the Candles broke the projection, you will notice overselling or overbuying.
交易开始
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We are still in wave 4, and it look's as though we have not broken the purple line which is amazing news. Look for a good area to buy in if you missed as wave 5 still has yet to take place.
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Look's like Wave 5 is possibly starting, Wave 4 also returned to the "predictable zone"
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Assuming wave 4 is actually still in effect, the angle made it look like wave 5 has been in effect. Wave 4 may have a similar length to wave 2.
交易结束：到达目标
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Goal has been reached if you would like to feel free to hold for longer, nothing but good coming from this coin so far.
Hi sakuzi, thanks for the amazing chart.
I'm a noob, and I'm wondering what do you mean breaking the projection and what happens after wave5?
Thanks in advance.
mumbojam
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@TheRealDealbro, if you look at areas where the candles do not fall into the projection angle, if you take a glance at the RSI Indicator you will notice overselling or overbuying.
Wave 5 is just a good selling point, but another Elliot Wave could also start. Would just depend on how things are looking from there. I am also a bit new, so also look around the web.
TheRealDealbro
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@sakuzi, thanks for the reply! So do you mean if the price goes back down to (4), it will very likely to have wave 5?
Thanks!
mumbojam
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@TheRealDealbro, As long as it does not go below the purple line then wave 5 will begin most likely. Wave 4 is not an exact location it is just a display of it going down on the graph. But Wave 4 will most likely fall in or along the line of the Blue Square between 3-4
I'm a noob, and I'm wondering what do you mean breaking the projection and what happens after wave5?
Thanks in advance.