RVN/BTC - Leading diagonal - Bearish Bullish Scenario
For this graph, We use Elliott Impulse Wave (12345) with eclipse tools
Elliot wave correction and pitchfork tools + MaCD
On this graph, we saw perfect leading diagonal Bullish Scenario
Verdict:
We open risk, Good buy at 385-390 Satoshi
Stop loss at 380-375
first target 406-4016
The Diagonal. Leading diagonals “lead” a 5-wave pattern (or the first part of a zigzag) — hence they appear in the wave 1 position. Ending diagonals “end' a 5-wave pattern — hence, they appear in the wave 5 position (or tail-end of a C-wav
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.