XLMXBT 1 day chart: is it in a 5 (impulse) wave up?
Possible scenario (to be confirmed):
- Wave 1 seems to be a very ugly leading diagonal
- Wave 2 is a good looking zig zag retracement
- Upcoming waves 3, 4 and 5 are plotted based on normal impulse wave rules, however there is not sufficient data to confirm.
The pitchfork is used to have a sense of the slope, though insufficient data to confirm.
- Wave 1 seems to be a very ugly leading diagonal
- Wave 2 is a good looking zig zag retracement
- Upcoming waves 3, 4 and 5 are plotted based on normal impulse wave rules, however there is not sufficient data to confirm.
The pitchfork is used to have a sense of the slope, though insufficient data to confirm.