The current structure on the 1H is not a triangle, it's an ABC with a complex B pattern, price will the low (0.08000) probably move back to (0.10000) to complete a pattern, the overall view is that XLM maybe tag the previous low of 0.02 on a weekly timeframe before any significant movement to the upside.
that's a pretty definitive statement "is not a triangle", you'd have to be clear on why you think that for me to understand where it comes from I'm looking at it on the 1hr chart and I see no problem with it being a triangle it could certainly also turn out to be a simple A-B-C with a complex B unfolding now
Looks like more than two year's worth data is missing....it might change the count and targets on higher degree. What you have as cycle 1, i have as cycle 3...Tradingview has better data but must dig through various exchanges....
The first wave at Sept 23, 2022 is a clear ABC on the 4 hr time line, not impulsive. Therefore, be on the lookout for an expanding diagonal to finish off the wave 5. For this to happen, XLM needs to go up first for the upper trend line of such an expanding diagonal, then make the final plunge. XRP the same.
Looks like D and E of that triangle finished exactly where expected on the daily! 😊 at 12:56
Stellar video 👍
lol
Stumbled across your TA , great analysis. Subscribed straight away
thank you very much, and welcome!
Thank you
Really good content and analysis! 👍🏼👍🏼👍🏼
Much appreciated!
You sound a bit under the weather 😕
just a bit tired from a hella lot of surfing!
any update on XLM? Looks like it hasnt extended yet.
You called the bottom at the bottom 😅
If xrp loses case lookout below.
Thank you for this great content
Can I get the book on Amazon
no, it's on my website pureelliottwave.com/pure-elliott-wave-book/
What software are you using?
Motive Wave.
The current structure on the 1H is not a triangle, it's an ABC with a complex B pattern, price will the low (0.08000) probably move back to (0.10000) to complete a pattern, the overall view is that XLM maybe tag the previous low of 0.02 on a weekly timeframe before any significant movement to the upside.
that's a pretty definitive statement "is not a triangle", you'd have to be clear on why you think that for me to understand where it comes from
I'm looking at it on the 1hr chart and I see no problem with it being a triangle
it could certainly also turn out to be a simple A-B-C with a complex B unfolding now
Looks like more than two year's worth data is missing....it might change the count and targets on higher degree. What you have as cycle 1, i have as cycle 3...Tradingview has better data but must dig through various exchanges....
yeah, I'm not convinced that my switch to CryptoCompare is a good thing tbh...
The first wave at Sept 23, 2022 is a clear ABC on the 4 hr time line, not impulsive. Therefore, be on the lookout for an expanding diagonal to finish off the wave 5. For this to happen, XLM needs to go up first for the upper trend line of such an expanding diagonal, then make the final plunge. XRP the same.
I can see an impulse for minute i no problem
it could be either, I don't think it's possible to definitely rule out one or the other