AXS / TetherUSLong
AXSUSD 1D. Elliott Wave Theory - Wave V
Hi everyone,
Thank you for considering reading my idea.
With the game Axie Infinity pumping through the roof, I thought of sharing my analysis of AXSUSD using Elliott Wave Theory.
Currently, we are starting the final Wave V. Inside wave V, we are on top of the impulse wave 1. The impulse may still continue but if we assume that this is the top of wave 1, we should see the minor correction wave 2 for as low as 10 USD (the 0.618 level of the Fibonacci Retracement). We can also wait for the price to bounce off the 50 MA (green line). That may be a good opportunity to buy some Axies. NFA.
Lastly, this analysis does not predict the price of Wave V yet nor when it is going to happen. We wait and plot the waves as we move on.
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
With the game Axie Infinity pumping through the roof, I thought of sharing my analysis of AXSUSD using Elliott Wave Theory.
Currently, we are starting the final Wave V. Inside wave V, we are on top of the impulse wave 1. The impulse may still continue but if we assume that this is the top of wave 1, we should see the minor correction wave 2 for as low as 10 USD (the 0.618 level of the Fibonacci Retracement). We can also wait for the price to bounce off the 50 MA (green line). That may be a good opportunity to buy some Axies. NFA.
Lastly, this analysis does not predict the price of Wave V yet nor when it is going to happen. We wait and plot the waves as we move on.
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.