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Tolberti
Jan 16, 2022 12:19 PM

Elrond EGLDBTC - Huge Falling Wedge + Elliott Wave Diagonal Short

BINANCE:EGLDBTC1W
EGLD / BitcoinBinance

Description

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- Elrond - EGLD - Rank #42
- We have a huge falling wedge on the weekly chart which is currently breaking down!
- The Elliott wave completed successfuly with 5 impulse waves (ending diagonal wedge).
- Bearish target is 0.618 FIB or bottom of the wedge!
WedgeElliott WaveSupport and ResistanceEGLDegldusdtegldusdegldbtcelrondEnding DiagonalLeading DiagonalFalling WedgeDescending Triangle
Comments
BullnBear_Markets
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Nice one mate!. Question.. does wave 2 always retrace to 0.618? Currently seeing this on ETH D1. Could pos be Leading or Ending dia. Cheers
XnxY
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Update, please?
kimstandgraph
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Good Idea
Tolberti
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@kimstandgraph, Thanks.
Aps3
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Hoo boy that’s a scary chart.
Tolberti
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@Aps3, Sure it is!
Cyph3r4min
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I'm wondering , is that a rising wedge or a falling wedge!?
Tolberti
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@a4minn2020, Oh, its a rising wedge of course, my bad!
Cyph3r4min
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@Tolberti, 😉
bL1TZZ
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Excellent work. Just wondering, how much influence does BTC have here? would this setup be invalidated if BTC pumps? Thank You
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