Just a potential idea for STRUSDT and potentially all of crypto. I think we are currently in an X-wave and not starting the actual bull run. I've tried to follow as many NEoWave rules as I could, however there is the possibility that I've overlooked something, or a different variation on a correction happens, etc. This is more for a rough timeline of how long I think STR will be in a correction and I also think that it makes reasonable sense for it to take this long. Crypto is still in its infancy - it is growing and maturing, but there still aren't really that many truly functional coins around, and there are still a great deal of people who couldn't name a crypto other than BTC.
The bull run will come, it just needs more time.
If you have any questions feel free to comment below!
Also, due to how I had to make this chart (because TV refuse to fix some bugs that are chart breaking unfortunately), the scale you are looking to read is on the left side.
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Also, the vertical position of the drawings won't stay in the right place if you move the chart (due to the issue I mentioned, lol), but as long at the 0% fib lines up with the top of the yellow and purple rectangles, it is aligned. You can scale the horizontal to fit better, TV squished my chart.
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0% is aligned with the top of the chart, not the boxes. Good night everyone, happy trading.
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How it was supposed to display
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Not much to update, still following this.
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I think Stellar is actually now entering impulsive territory. Now that TV has added proper Fib functionality and I dont have to do it the wierd way, I can see better.
It has now retraced 38.2% exactly, which is Perfect for the end of Wave-2, beginning of Wave-3.