CRO/USD

1 июл. 2022 г.

Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.

RR: 25

Possible upside: 1200%
Possible downside: 48%

The bottom for CRO is in. 99.99% sure.

If you take a look at the wave (4) bottom it touched the price around 0.06. It went a bit under the support line. This is a prime example of what I meant by getting stop hunted. When they are looking to take out players who places stop losses on support lines they will go a bit right under to trigger your stop loss.
The stop loss I have placed on this chart goes a bit further than that. 0.055
Wave 2 bottomed around 0.048

0.06 is really close to 0.048 so I'm 99.99% sure the bottom for CRO is in. If we go anywhere near 0.048 this chart is invalid.

9 июл. 2022 г.

Сделка активна

Update: Support & Resistance levels added.

Sub cycle pink wave added for the wave (5) count.

9 июл. 2022 г.

Заметка

Update: Timeframe changed to 4h

The bottom is supposedly in. However, we're not supposed to count scamwicks for wave count so there's still a possibility of us going down to where that scamwick went. If we haven't started the impulse wave then it will start where the wave 4 is.

Subcycle blue wave has been added for the pink wave.