Elliott waves crypto analysis – we’re short from 0.4192


we're short from 0.4192

Wave Analysis: Earlier today, the corrective wave (4) pulled back upwards but is still below our sellers level 0.4192, we’re waiting for a bounce from this level to sell the impulsive wave (5) to the lowerside with an ultimate target at 0.2005. This view can only be invalidated in case the price breaks above 0.4192, if this is the case, then further rally to the upperside is expected. As long as the price is below 0.4192, then we’ll be looking for a long term short position with an ultimate target at 0.01 and could breakout even lower. This will be the unfolding of wave (5).

Trade Recommendation

we’re short from 0.4192

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