@Jaimecm ... You could be correct, this might not be a perfect Elliott Wave
. I did go back and zoom in on the 1, 2 wave and it only retraced to the .5 fib ret mark but then again it's a moot point as I'm back to the drawing board due to TRXETH
correcting further than expected and is currently at .00007 ETH. I can see now that I fell victim to analyzing with too short of a focus here. This recent uptrend actually started further back on 1.16.18 and now we can see this retracement falling towards both the 618 fib ret and another support/resistance
level reconfirmed multiple times since 1.13.18. Without having a weathered pulse on TRXETH
with how young the project is, and being newer to the crypto TA space, I'm still working on a TA algorithm for TRXETH
. Any insight would be appreciated!