Looking at the daily chart, it seems like we have just completed wave 2 and are making our way up wave 3.
Wave 2 bounced off the 0.712 Fib level, which also indicates that wave 4 will potentially be short.
I have assumed a 1:1 extension for wave 3 and that wave 5 will end at 1.618 : 1 (relative to wave 1).
LTC: LiSpJ8gc12vtHeCqGS1goeT8D6d1iGY5Sp
BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG
Wave 2 bounced off the 0.712 Fib level, which also indicates that wave 4 will potentially be short.
I have assumed a 1:1 extension for wave 3 and that wave 5 will end at 1.618 : 1 (relative to wave 1).
LTC: LiSpJ8gc12vtHeCqGS1goeT8D6d1iGY5Sp
BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.