$SYRUP 🧪
Super difficult one honestly - this is why I typically stay away from coins like this.
- Not because counting it is complex, but because there are too many valid ways to interpret the structure
Elliott Wave works best when it isn’t force-fitted. 🎯
That said, although moderatley forced: an impulse from April inception moving up in 5 waves, followed by a messy correction - potentially a flat and then a zigzag (complex WXY).
Going back to normal TA, I’d like to see another leg lower into 0.382 or 0.5, as we haven’t tapped lower consolidation areas yet on the macro.
Alternatively, I’ll wait for a clear impulse off the lows. Otherwise, I’m simply not interested.
Show original
3.12K
24
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.