EuroMotif

ALGO.USD correction needs one more leg down? or is it done?

COINBASE:ALGOUSD   ALGO/USD
As you know, Bitcoin took a dive and took everything with it.
ALGO was running at its own pace until the last day or so.
But we also knew that a serious correction was over due.

Plotted are two possible pathways for the next leg down.
Correction MAY be done, but I see a wave (3) needing a (5).
If it gets past the bottom of wave (1) then correction DONE.


.

See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page.

BAT top call (still in play)
EOS top Call (near perfect plot)
LTC to $150 call (near perfect plot)
BTC $14k call (Near Perfect target, easy trade)
ETH breakout (instant Profits, no drawdown)
BTC bottom 3.1k (caught the EXACT bottom)
ADA breakout (PERFECT targets, massive profits)
ZRX bottom call(200% gain, Perfect target)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
RVN top call (Perfect Target, take profits)
LINK re-entry (caught the spike)
MATIC top Warning (caught the EXACT top)
MATIC rocket (massive Profits, breakout entry)
NEO Rocket Launch (great entry, massive profits)
FET top warning (EXACTLY on time)

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Nov 19
Comment: Nice recognition and navigation through the first Resistance zone This confirms the next zone will also be relevant.
Have pulled stop loss to just below this zone, targeting the next zone above.

.
Nov 20
Comment: Oops, looks like I missed or did not give enough credit to the zone which is actually acting as resistance the two red 4.236's in tight confluence might be the strong band around here...

Might need too adjust my zones accordingly (pay more attention to x.236 lines).

.
Nov 20
Comment: Adjusted the resistance band and Red ABC path lets see if it plays out anything like that red path, which now ends higher than original plot, and at the same point as the Blue path. (dont like that but if we get to blue 4 maybe more clues will be available by then).

.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏
1Pi1dcYaueUSo2ufrdaQtHYivbcfu1W9LQ

send When you Can
send What you Want
gain Gratitude you Will

Related Ideas

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out