Also we should take care on forming ABCDE wedge ,usually at wave E last downside movement can happen! If that's happen than we can have an equal ABC correction!
Market is very tricky and BTC is still the leader so we can have some tolerance in this case with Mr. Elliott's rules:-)
All conditions ready for some deeper correction but yes it was a nice impulsive wave and this can be the real start of some trend reversal from bottom!
The previous high was tested with little spike but looks it have not enough power yet for breakout! Patience
If price holds above the wave 1 area we can easy have new ATH! Good luck
Sure it's depending on BTC next movement too!!!
Next target is the upper trend line of expanding wedge!
BTC already make a huge movement ,ETH main target is around 2400 Usdt so if we think in correlations this scenario is more than realistic now! ETH let's go!
If this level holds we can prepare for next upside movement above previous high! Under the marked this level target is around 1200!So we keep Eye on this level now for further movements!
There is a lot of chance that XRP will make a new spike soon to the upside!Maybe price will not hold there but this is a speculative game so be ready!
Who missed the previous one here is the next chance! Buy at 1.181! Good luck
I am voting for T2 if HS will work this time!Decline can start from 1870-1880 area!
Much depends on BTC next movement now! BTC is the leader still! Maybe once it can be changed but that will be not so soon!
One wave is still missing to the complete Cycles!
I am voting the price will go back to the double top area before any significant downside movement!