BAKEUSD ALTCoin Elliott Wave Analysis

in #elliottwave • 3 years ago
  • ALTCoins trade lower
  • BAKEUSD reamins bearish
  • Potential support seems at 1.00 psychological support

Major ALTcoins are trading lower as expected, ideally within a new five-wave cycle, so be aware of a bearish continuation, but ideally after intraday pullbacks in case if BTC goes for wave E.

BAKEUSD remains bearish as we warned about, ideally within a complex (W)-(X)-(Y) corrective decline from the highs, where we are tracking the final wave C of (Y). But, it also needs to be completed by a five-wave cycle of the lower degree, so there can be room even down to 1.00 psychological support

BAKEUSD 4h Elliott Wave Analysis Chart

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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

#altcoin #bakeusd
3 years ago in #elliottwave by
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