After an impressive run-up leading up to the Mainnet release (and a clean Elliott Wave count, mind you), it's been a downhill ride since. Will we see a bounce soon or will we another test at 310? I am leaning towards the latter.
After breaking down the Elliott Waves and coming up with a valid count of the "C" corrective wave of the largest degree, this is the one that I think makes the most sense. Currently, I'm not seeing anything to suggest an impulse wave up or trend reversal but rather another ABC Wave which would complete the 4th Wave (purple) of the 3rd Wave (brown) of the "C" Wave (red).
After breaking down the Elliott Waves and coming up with a valid count of the "C" corrective wave of the largest degree, this is the one that I think makes the most sense. Currently, I'm not seeing anything to suggest an impulse wave up or trend reversal but rather another ABC Wave which would complete the 4th Wave (purple) of the 3rd Wave (brown) of the "C" Wave (red).