Another chart where I try to learn to count elliott waves, looks like there's wave 5 in development. The only thing i don't like about this count is that price of wave 4 moves into the price zone of wave 5. Disclaimer: I'm a noob which is just learning, don't take this analysis too serious.
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i think wave 5 still developing.
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still going it seems.
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going hard right now. i think $90-$100 will be reached at some point for sure.
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right on money lol. though i now think xcp can travel much much much higher.
Very well done man, amazing analysis. Are you going to make an update??
UnknownUnicorn952556
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@cryptoniac90, I'm not sure what I could update here. It's unclear for me where this will go now. By the way I was thinking this should've traveled much higher than that initial target.
CryptMeAlone
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It already hit $104 whats your next targets? 0.01 or even 0.02 ($150-200) possible?
UnknownUnicorn952556
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@cryptoniac90, that I don't know, might go anywhere now, if we assume that my elliott wave analysis is correct (lol), then when the 5th wave likely to be protracted, because it's already bigger then the size of 4th wave correction (according to elliott wave theory book).
CryptMeAlone
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Price dropped to $19, what you expect? Also your target 5 is still $80? Would you sell around $80?
UnknownUnicorn952556
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@cryptoniac90, hey mate. please read disclaimer in the description, I'm just learning elliott wave theory. with that said, I think structure haven't changed and xcp pump is not done. It's hard to comment on targets for me. I hold xcp myself though.