As in my opinion as a trader who believe to Elliot waves, I need to see clearly a corrective 3 waves after any impulse wave. So after a impulsive movement from 36 USDT to 66 USDT, there is not any corrective wave. An impulse from 66 to 47 USDT cant correcte the latest movement. So another movement from 47 to 62 USDT is clearly corrective like I expected. And now we need a 5 waves impulse to going down to complete our impulse from 36 to 66 USDT. So if the final wave goes just 61,8 % of A wave, it will reach the 50.132 USDT. It is just the minimum movement possible. it could be even more and now it's very soon to say it. So don't scare if the chart shows something different of what you think. it's just some breathing befor going up. If you have some questions or comments please let me know. Best regards.
good analysis
Do you recommend to wait a little bit to the level (50) and then buy?
BearishCryptos
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@abdullahloulou, Thanks.
So if you want to buy, Yes I think it's not a safe point to going in right now. It could go more down befor going up so if anything goes well you will get updated by my channel and ideas when there is a nice entry point.
Good luck.
Do you recommend to wait a little bit to the level (50) and then buy?