ICX/BTC elliot wave analysis
Analysis shown in chart. Read in alphabetical order.
Targets:
TP 1 - 0.0001592
TP 2 - 0.0001861
Anything above 0.0001800 is a sell for me.
Invalid Wave Count
Wave 4 ends below the end of wave 1 which would invalidate this chart, however on USDT and KRW pairs which account for about 50% of volume, there is no overlap between wave 1 and 4. With that I am making an exception knowing that this count could be invalid. However the bounce at the subwave 2 of 5 gives confidence the trade is still active.
Not Financial Advice
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Targets:
TP 1 - 0.0001592
TP 2 - 0.0001861
Anything above 0.0001800 is a sell for me.
Invalid Wave Count
Wave 4 ends below the end of wave 1 which would invalidate this chart, however on USDT and KRW pairs which account for about 50% of volume, there is no overlap between wave 1 and 4. With that I am making an exception knowing that this count could be invalid. However the bounce at the subwave 2 of 5 gives confidence the trade is still active.
Not Financial Advice
Please follow if you found this helpful.
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