There we can see two patterns that are coming into play, the Elliots wave pattern (1,2,3,4,5) thats the first pattern that started and it indicated that its going to go down, then we have the contraction phase there in the blue. then we have an expansioon phase that is perfectly aligned with elliots wave pattern that, and the way that pattern is layed out also indicated that the price is going to go down, meaning both patterns alligned with each other indicate the price is going to go down and because both pattern indicate that, this means that the price is going to drop significantly. So if u are holding dot, sell, and if u are looking to buy dot wait and buy when it drops.
You know actually I'm waiting like a sniper to hunt it at 20 channel with usdt and I'm hoping for a big correction.its about 31 now
needfulPlayer13434
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@Elpistollero, yh good idea, as long as it breaks top two horizontal lines.
Elpistollero
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Thanks,but wt pair is gbp?is it not the simple one?dot/usdt?
needfulPlayer13434
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@Elpistollero, Nah I just paired it with gbp because it is a more stable, higher valued currency than usd. And also because I prefer trading against gbp. What do you think about the analysis tho? is it alright?