EGLDUSD - Again Triangle...again correction
EGLD is a crypto that, like other ones is developing a 5 wave triangle after which will fall to end the corrective wave of the chart. If cryptocurrency has on its mind to settle better in world's economy, then all these correction give us the second chance to enter the crypto market on a lower price
Thanks to Elliott Wave, I managed to set possible goals for the price to hit after the triangle is forming. On my chart, the coloured letters represent the main wave counting, and gray ones represent an alternative counting way. On the long term these counts meet in the same goal, but for now, there is no sure entrance into a trade. We need to wait a bit in order to enter the temporary bear market, and then make a reversal to bulls
Thanks to Elliott Wave, I managed to set possible goals for the price to hit after the triangle is forming. On my chart, the coloured letters represent the main wave counting, and gray ones represent an alternative counting way. On the long term these counts meet in the same goal, but for now, there is no sure entrance into a trade. We need to wait a bit in order to enter the temporary bear market, and then make a reversal to bulls
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