Up-trend channel has formed. it looks like it is bouncing on the bottom of the channel. Is it time to go up for few days now? Positive MACD signal line is being crossed. RSI relatively low. Let's have a look. I will update it in some time.
Thanks for the idea. Do you not think we need to go lower? I.e., your C wave is higher than the A wave? This isn't standard Elliot analysis.
Perhaps the ABC finished on your A wave instead?
Voocash
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@raifniall, Not really . It is standard flat correction pattern. Very typical. We have strong support at 50% fibbo if that is broken by any chance solid foundations at 38.2% shouldn't ever be broken unless we have GLOBAL ban on crypto ;)
raifniall
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@Voocash, Ah ok. I still have my doubts; if it is a flat correction then the B should have hit the A wave start. Of course, patterns are never exact. We'll see how it pans out, good luck :)
Perhaps the ABC finished on your A wave instead?