$Ape ๐ โ 07/29/2022 | ApeCoin Price Action Update ๐ฏ - ๐ธ ๐จ
๐ #Price has finally closed below 0.236 (or 23.6%), $6.7945 price level. Therefore, we can likely consider Wave i (in blue) complete (unless it validates the correction by breaking the high above $7.2150). Wave 1 is always the hardest to forecast anticipated completion zone.
๐ Like I previously mentioned, the #ElliottWave model is purely #subjective and needs to be consistently revised as price action continues to develop. This shouldnโt come as a surprise though; thereโs no method of conducting technical analysis that doesnโt involve revision, editing, and trail and error.
๐ Of the ABC #Correction, both waves (a) and (b) have been completed (in red). Thus, we are currently working on wave (c); which should be comprised of another downward impulse of 5 waves.
๐ My goal is to #buy the market after 3 swings down in the #Minuette degree (in red; (a), (b), & (c). In previous posts, I mentioned that the buy zone is located directly under #liquidity and in the #fibonnacci #goldenzone.
โ If you thought this was helpful or insightful: Follow, Like, or Share โ๐พ #PublicCommunity
๐ View My Chart:
โ ๏ธ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own riskโ๏ธ
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC
๐ #Price has finally closed below 0.236 (or 23.6%), $6.7945 price level. Therefore, we can likely consider Wave i (in blue) complete (unless it validates the correction by breaking the high above $7.2150). Wave 1 is always the hardest to forecast anticipated completion zone.
๐ Like I previously mentioned, the #ElliottWave model is purely #subjective and needs to be consistently revised as price action continues to develop. This shouldnโt come as a surprise though; thereโs no method of conducting technical analysis that doesnโt involve revision, editing, and trail and error.
๐ Of the ABC #Correction, both waves (a) and (b) have been completed (in red). Thus, we are currently working on wave (c); which should be comprised of another downward impulse of 5 waves.
๐ My goal is to #buy the market after 3 swings down in the #Minuette degree (in red; (a), (b), & (c). In previous posts, I mentioned that the buy zone is located directly under #liquidity and in the #fibonnacci #goldenzone.
โ If you thought this was helpful or insightful: Follow, Like, or Share โ๐พ #PublicCommunity
๐ View My Chart:
โ ๏ธ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own riskโ๏ธ
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC