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WicktatorFX
Mar 5, 2023 2:47 PM

MANA - Perfect Elliott Wave Impulse! 

Decentraland / US DollarBinance

Description

MANAUSD looks like a picture perfect impulse. We can see clear impulses and clear corrections. We can see that we've completed the 4th wave and now we're in the 5th wave.

We are expecting 5 subwaves for the 5th wave and we can see that we're in subwave 2 now. The lower subwave 2 goes, the better (as long as we stay above blue structure)/

Trade Idea:
- Watch for the current correction to break out
- invalidation level is below 0.27
- Targets: 5, 6.4, taper rest as we move higher

Goodluck and as always, trade safe!
Comments
Afsars
Also analyze Dot...
TheCryptagon
Thank you for sharing your analysis with our community. We're sharing our's as well:
SwallowPremium
What entry point can you recommend us here?
WhooperSwan
Thanks so much! How would you count the waves of the correction down? The invalidation level - is it because wave 4 cannot mess with wave 1?
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