MhdRoyaltrade

ATOMUSDT Daily Time Frame Eliot Waves

BINANCE:ATOMUSDT.P   Cosmos / TetherUS PERPETUAL CONTRACT
Hello Traders!

If we take a look at the daily chart for this pair, an impulsive move followed by a complex correction pattern (WXYXZ) can be detected. Based on the Eliot waves theory and the associated fib extension levels I am predicting the correction to be finalized at the labeled price (3.719), which can be a perfect entry point for long positions (futures trading) or just to invest in this pair for spot traders.

Have a fruitful weekend and break a leg.

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