Let’s continue analyzing the altcoins. Today I found the original with the perfect thing for youformation – composition. I’ll show you a proof that this configuration is valid, so we can be sure of the possible trading settings.
In the 4-hour time frame DYDXUSDT chart we can see the clear picture of 5 wave formation – composition. Wave 1 has the exact price retracement at 0.61 area, then wave 3 was extended and ended at 2.61 . Given that wave 2 ended at 0.61, wave 4 should have ended at 0.38, and that is the case. Wave 5 ended at 0.61 In connection with the difference create conditions of perfection end of the course.
DYDX is now under ABC correction. Wave A has already ended and wave B is forming. 0.61It is the target of wave B ($1.50). After that we can wait for wave C. The target area for wave C and the complete ABC correction is 0.618 of the fifth wave cycle. I will enter a buy position at $1.35.
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