thekevin

LunC short term top (Risky call - testing my EW theory)

thekevin Mis à jour   
KUCOIN:LUNCUSDT   Terra Classic / Tether
I believe this is the top area of the (macro) wave 3 on LunC. A lot of people are gonna be angry with this call. Also, wave 3 is generally the most parabolic wave so it would be very dangerous to listen to a top call. I don't know what the opposite of 'catching a falling knife' is - but this is it.

This of course means we are still waiting for a wave 5 though. So this means i'm only bearish *SHORT TERM*. This doesn't mean I'm calling THE top of the whole move; so I don't want anyone crying for me calling the overall move to be over.
Commentaire:
Just waiting for a macro wave 4 to play out before jumping back in. Waiting for price to base out first.

Commentaire:
Just conjecture here, I don't yet know how the wave 4 is going to play out. We have an abc already. It could be an A of something like an ABCDE. Don't get chopped up. If you are waiting for a re-entry then let the volatility fall first.

Commentaire:
A deeper retrace could look like this, although I'm sceptical it would go there right now because of how low the shorter timeframe's RSI is getting already:
Commentaire:
My secondary count now looks like it could be in play. In which case we are still in the wave 3.
Commentaire:
Following my primary count. Need to see how the C leg of the correction is going to go:
Commentaire:
I believe we have broken up and out. Providing it doesn't suddenly fail here the next target is 0.0004 - 0.00047.
Commentaire:
LunC may have confirmed a wave 5 with the breakout a few hours ago.
Extrapolated targets would be between 0.00089 - 0.0012.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.