PAYBTC seems to be forming a triangle.
A triangle most commonly forms in the wave preceeding the final wave of the pattern.
This could therefore be a wave 4 of wave C in an ABC correction.
If correct, we have one more drop left to the box which will then complete the pattern. From there price may rise again.
Trade with care! :)
A triangle most commonly forms in the wave preceeding the final wave of the pattern.
This could therefore be a wave 4 of wave C in an ABC correction.
If correct, we have one more drop left to the box which will then complete the pattern. From there price may rise again.
Trade with care! :)
註釋
Seems like we broke down from a descending triangle in this 4 of C into the support box.From there the price action looks impulsive.
This could very well be the bottom.
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