marcohf7811

01:14

marcohf7811

An elementary EW analysis Please keep in mind that this is not financial advice; it's only one of several possible scenarios

marcohf7811

This is a very possible scenario...after all no crypto has shown a real intrinsic value Maybe after $0.1 a rebound to $2.5 -$3, but this is only based on EW patterns, which are not quite reliable in a bearish market Let's see how it does move. This is not financial advice.

marcohf7811

By using the EW tool, we find TAN to be near a possible buying point. On the other hand, RSI is in the oversold zone This is not financial advice.

marcohf7811 Updated 

Combining these two tactical tools, we might have a broad perspective of what is more likely to happen. In this analysis, Elliot wave indicates that the correction is over while Wyckoff tells us the present pattern might be an accumulation phase in progress. This idea is not financial advice. Comments and feedback are welcome ;)!

marcohf7811

That's what EW pattern is telling us now; a correction might be quite possible; after all, CVS had a great bull run during 2020 & 2021. More analysis must be done in the following days to better reference. Feedback and comments are welcome. This is not financial advice

marcohf7811 Updated 

It mana completes Wave (V) more and less 4.2 level we will have a EW bullish case confirmed. It will correct to 3.40 or even lower but we might have good possibilities to rebound and go for the next leg. However if mana breakdown in wave (iv) and do not sustain over 3.4 (SMA 50 in 4 hours time frame) we might enter the bearish case that will take us at least to ...

marcohf7811

As we can see, Mana is breaking up an ending diagonal that can be considered a truncated 5th wave. However, the price lacks still momentum, and now it appears to be developing a three-driver pattern that might finish lower than the previous low at 2.69

marcohf7811 Updated 

As we can see, Mana appears to be running in an Ending diagonal that might be forming a truncated 5th wave. If this confirms, we might finish correction, and a new bull run might happen. This idea is not financial advice.

marcohf7811 Updated 

Those are two possible scenarios by using Elliot Waves Make your own analysis and compare with this and other ideas to make a decision. This is not financial advice. Success for every one

marcohf7811

Mana needs to sustain over 3.8 to ensure the next leg to 7 is not compromised. Make your own analysis and compare to make better decisions. Patience is the key

marcohf7811

Impulsive and correction waves projected before have worked pretty well (Elliot wave principle-possible targets zones) The timeframe shall not be taken as a reference. This idea is not financial advice.

marcohf7811 Updated 

EW principles have shown to be correct in the last ideas I posted. Now it seems we might still have some room for correction. However, It shall be reassessed for every relevant leg (up or down). This is no financial advice. Time frames are not assessed nor forecasted. Happy Thanksgiving day!!! "I consider patience to be the most important ingredient for...

marcohf7811 Updated 

Mana keeps following the EW pattern we have been presenting and updating This is not financial advice Success in your decisions!

marcohf7811 Updated 

MAna follows a clear EW impulsive pattern, be patient, and always be ready for unexpected movements in the predicted ranges. When a bull has too many riders, it is sure it will make the extra load fall... This is not financial advice.

marcohf7811 Updated 

What a wonderful lesson of EW patterns are being deployed by Mana a great lesson to learn ;) We keep the EW strategy/pattern we have shown in previous ideas. The time frame from this idea shall not be a reference to follow. This is not financial advice. " The big money is not in the buying and selling … but in the waiting.” Charlie Munger

marcohf7811 Updated 

Let's see if Mana keeps the EW pattern predicted. Keep in mind this is not Financial Advice Good trading!

marcohf7811

As we can see, Mana keeps going up. EW analysis lets us know which are the possible waves to come. This is not a financial analysis.

marcohf7811

This is a simple EW analysis showing that mana can still keep correcting a little bit This is not financial advice