Hi XRShib Fans,
i think this trade at 210.593 (which really happened) is a first wave but not sure bc of the lack of data in the chart. At least for me it is not possible do define clean 5 waves to the top. Caution!
Based on my assumption that the top is a first wave, the logical first subwave of wave number 3 is at .382 or .618. - see cheatsheet with fib targets.
Fundamental: If you look at the roadmap of XRShib, there is an entry - Play to Earn Game, i think such models have a great future. Great Future = long and strong waves. Long and strong waves are most of the time out of a first wave which had their top at .382.
That's why i think the .382 retracement is more likely. End of the story.
Be Cautious since there is no guarantee that the top is really a first wave. ;)
Alternative: There is still an opportunity that this coming wave is a big corrective B Wave. I'm not a fan of this idea because of the needed time of this correction from the top to the bottom, but hey, this is crypto, everything can happen right? ;)
Long story short: i guess it's time to add this coin into our pockets.
Greetings
i think this trade at 210.593 (which really happened) is a first wave but not sure bc of the lack of data in the chart. At least for me it is not possible do define clean 5 waves to the top. Caution!
Based on my assumption that the top is a first wave, the logical first subwave of wave number 3 is at .382 or .618. - see cheatsheet with fib targets.
Fundamental: If you look at the roadmap of XRShib, there is an entry - Play to Earn Game, i think such models have a great future. Great Future = long and strong waves. Long and strong waves are most of the time out of a first wave which had their top at .382.
That's why i think the .382 retracement is more likely. End of the story.
Be Cautious since there is no guarantee that the top is really a first wave. ;)
Alternative: There is still an opportunity that this coming wave is a big corrective B Wave. I'm not a fan of this idea because of the needed time of this correction from the top to the bottom, but hey, this is crypto, everything can happen right? ;)
Long story short: i guess it's time to add this coin into our pockets.
Greetings
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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.
Publications connexes
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.