{"id":2921,"date":"2023-03-02T19:25:40","date_gmt":"2023-03-02T19:25:40","guid":{"rendered":"http:\/\/ewforex.net\/blog\/?p=2921"},"modified":"2023-03-02T19:33:44","modified_gmt":"2023-03-02T19:33:44","slug":"elliott-wave-structure-warning-correction","status":"publish","type":"post","link":"https:\/\/ewforex.net\/blog\/economia\/elliott-wave-structure-warning-correction\/","title":{"rendered":"Elliott Wave Structure Warning Correction"},"content":{"rendered":"\n

Featured chart by StockCharts.com<\/p>\n\n\n\n

Elliott Wave analysis by Raul Fernando Luna Toro<\/p>\n\n\n\n

BTC\/USDT opened today at $23629.76<\/strong> put in an intraday high of $2376.93<\/strong> and intraday low of $23195.90<\/strong>.  The crypto is now trading at $23303<\/strong> and change.  Average True Range for the last 14 days is $994.089<\/strong> bucks a day.<\/p>\n\n\n\n

Elliott Wave Analysis Daily Log <\/h3>\n\n\n\n
\"\"<\/a>
Above is a daily log bar chart with Elliott Wave labeling. <\/figcaption><\/figure>\n\n\n\n

Price is currently testing the Minor Degree lower channel trend line again for the 3rd<\/sup> time in six days.  Once this trend line is breached the benchmark crypto shouldn\u2019t have any problem reaching the $21351.07 Minor Degree 4 low put in on Feb 13.   <\/p>\n\n\n\n

From there, Bitcoin buying opportunities begin.  Targets are at the Fibonacci 2vs1: 38.2% $20943.40, 50.0% $19767.88, and the 61.8% $18658.34<\/p>\n\n\n\n

Elliott Wave Analysis 1 Hour Log<\/h3>\n\n\n\n
\"\"<\/a>
Above is a 1 hour log bar chart of BTC\/USDT with Elliott Wave labeling. <\/figcaption><\/figure>\n\n\n\n

Above is a 1-hour chart showing the bounce of the Micro Degree lower channel trend line.\u00a0\u00a0 Price is expected to remain under the mid channel trend line and retest and fail at the lower trend line.\u00a0 However, if price keeps climbing as it is now, we want to see a move above the middle channel tend line with a daily close.\u00a0 This will warn of a move to another test of the upper channel trend line and the $24000.00<\/strong> March high.\u00a0<\/p>\n\n\n\n

Price Momentum<\/h3>\n\n\n\n
\"\"<\/a>
Above is a daily bar chart with red 8 EMA, orange 34 EMA High Low and Close wave, and a blue 144\/169 tunnel. Lower indicators are a 14 Chaikin Money Flow, 14 ADX, and a 14 ATR and a 200 ATR overlay. <\/figcaption><\/figure>\n\n\n\n

Price is now testing the red 8-day period EMA at the $23000.00<\/strong> psychological level.  The 8 period EMA has fallen against the orange upper 34 period EMA wave and is now putting in negative figures.  The orange 34 EMA wave is still putting gin positive figures however about to turn.   Price is about 9.93% above the 144\/169 EMA tunnel which signals greed.  But once again, this should not last.  Notice that Chaikin Money flow is signaling that the bulk of the 14-day average volume is now favoring the downside.  14 period ADX is ticking strongly at 30.31 with +Di on top of \u2013Di which is still bullish.  ATR as mentioned above is ticking at 994 buck average for the last 14 days. <\/p>\n\n\n\n

In short momentum is still favoring the upside.  However, the Elliott wave structure is telling us the Intermediate degree impulse is most likely complete.   <\/p>\n","protected":false},"excerpt":{"rendered":"

Featured chart by StockCharts.com Elliott Wave analysis by Raul Fernando Luna Toro BTC\/USDT opened today at $23629.76 put in an intraday high of $2376.93 and intraday low of $23195.90.  The crypto is now trading at $23303 and change.  Average True Range for the last 14 days is $994.089 bucks a day. Elliott Wave Analysis Daily […]<\/p>\n","protected":false},"author":1,"featured_media":2922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia"],"yoast_head":"\nElliott Wave Structure Warning Correction | Casa de cambios | ewforex.net<\/title>\n<meta name=\"description\" content=\"Conoce el precio del d\u00f3lar en per\u00fa actualidado cada dia, compra del dolar, venta del dolar y la cotizacion del dolar actual en cambistas, casas de cambio y en los bancos naciones del Per\u00fa.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ewforex.net\/blog\/economia\/elliott-wave-structure-warning-correction\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elliott Wave Structure Warning Correction | Casa de cambios | ewforex.net\" \/>\n<meta property=\"og:description\" content=\"Conoce el precio del d\u00f3lar en per\u00fa actualidado cada dia, compra del dolar, venta del dolar y la cotizacion del dolar actual en cambistas, casas de cambio y en los bancos naciones del Per\u00fa.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ewforex.net\/blog\/economia\/elliott-wave-structure-warning-correction\/\" \/>\n<meta property=\"og:site_name\" content=\"Casa de cambios | ewforex.net\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T19:25:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-02T19:33:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2023\/03\/feat2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"701\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/ewforex.net\/blog\/#organization\",\"name\":\"casa de cambios\",\"url\":\"https:\/\/ewforex.net\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/ewforex.net\/blog\/#logo\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/ewforex.net\/blog\/wp-content\/uploads\/2020\/05\/cropped-logo-1.png\",\"width\":218,\"height\":44,\"caption\":\"casa de cambios\"},\"image\":{\"@id\":\"https:\/\/ewforex.net\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ewforex.net\/blog\/#website\",\"url\":\"https:\/\/ewforex.net\/blog\/\",\"name\":\"Casa de cambios | ewforex.net\",\"description\":\"Casa de Cambios Online En lima Per\\u00fa, Miraflores, Compra y Venta de Dolares, Cambio de Divisas al Mejor Precio. 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