This post may be hard to understand if you had not watched my video on EOS DEX Trades, and particularly the method I am using to do Elliott Wave Analysis on DEX's and the unique challenges with illiquid assets. I suggest watching it first. Fortunately we're starting to see some of the order books on DEXs tighten a bit and that makes this better. You'll note in the last video that the TRYBE chart did not play out well, but I'm tracking another setup. I'm highlighting that here. And, the Wecash trade also did not pan out but we may have another setup. The BLACK trade played out very well and is very close to the final target for the trade. I will leave it out.
TRYBE failed to stay in the 1-2,i-ii setup that was a bit unlikely and certainly failed. I am now tracking the possibility that TRYBE has a leading diagonal and is now in the 2 down. See targets forecasted in the spreadsheet and the estimated chart.
WECASH also failed the 1-2, i-ii but I am looking at the entire trough to recent peak as 5up. So, as long as we hold .000016 we can count it a wave 2. Here are the targets and chart:
While all my work has a speculative element, the difficult nature of this analysis on DEX makes these forecasts less probable. So, if do take this trade, note this is not a personal recommendation, and that a small sized trade is best.
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