Alikze → ETC | Completing wave B corrective

alikze Updated   
BINANCE:ETCUSDT   Ethereum Classic / TetherUS
In time D1, with an ascent in the form of three waves, it is out of density with several spike candles. According to the type of behavior and structure, if the current correction moves in the form of three waves, two scenarios can be considered for it.
The first scenario: the upward corrective movement will continue to the $28 area and then to the $25 area as a higher correction and will not touch the previous floor, which, if supported, will have the ability to grow to the specified area of the supply zone.
Second scenario: the correction to $28 continues and then the C wave correction should break the $25 area and at least the bottom of the spike candle will continue.

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The decision zone has been reached with this sell pressure candle. Therefore, to determine the continuation of the trend, we can wait for confirmation in the specified area and Fibo 0.618 was the previous wave.
After an X-wave correction to the specified area, this motion wave returns to 100 microwaves before.
In the 12h time, after supporting in the range of $25 and building the floor and collecting liquidity to continue the path, it has succeeded in touching two profit limits. Therefore, with the support of the 100 Fibo range, it will be able to reach the supply area.
Over the past 9 days, it has experienced more than 40% growth.
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In time 4h, after the completion of wave C in the green box, it continued its growth up to the range of the red box, which had a yield of 57%. Currently, it has completed a complete correction cycle in 4h time, and this correction movement cycle can consider two movement scenarios for it. First scenario: move to the first red box and then a correction to the broken swing and then move to the next supply area. The second scenario: if it cannot break the zone, it can experience another correction and if it continues, it will lead to the failure of the zone for the target.


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