Elliott Wave and ABC Correction Analysis on BENDOGUSDT Perpetual

6월 6일

The chart depicts the price movement of the BENDOGUSDT Perpetual Contract on a 15-minute timeframe on Bybit. The chart illustrates an Elliott Wave analysis with the following key points:

1. **Elliott Wave Count**:
- Wave (1) starts at the bottom, moving up to a peak.
- Wave (2) is a corrective wave, moving down.
- Wave (3) is an upward impulsive wave, exceeding the peak of wave (1).
- Wave (4) is another corrective wave, moving down but staying above the peak of wave (1).
- Wave (5) is the final upward wave, surpassing the peak of wave (3).

2. **ABC Correction**:
- Wave (A) is a downward movement following the peak of wave (5).
- Wave (B) is an upward corrective wave, not surpassing the peak of wave (5).
- Wave (C) is projected to move downward, completing the ABC correction pattern.

3. **Support and Resistance Levels**:
- Various support and resistance levels are indicated, with key price levels marked by horizontal lines.
- Resistance levels are shown around 0.068982 and 0.069599.
- Support levels are indicated around 0.023791 and 0.038266.

4. **Risk-Reward Ratio**:
- A short position is illustrated with an entry point around the peak of wave (5).
- The stop loss is set above the peak of wave (5)
- The take profit target is set below wave (C), indicating a favorable risk-reward ratio.

The chart uses typical technical indicators and drawing tools to outline the Elliott Wave pattern and the ABC correction, with significant emphasis on the risk management strategy through defined stop loss and take profit levels.