Forwarded from AlanBKK
✅ #Original_Protocol Shows a Perfect #ONGUSD Pricing-Structure for a Study Case‼️
1️⃣ Elliott 5-impulsive-waves with perfect overlaps on previous resistance/support. This Bullrun increased #OGN price by +2,700% over 86-day.
2️⃣ Elliott 3-corrective-waves with a heavy fall of -80%, until bellow the 23.6 Fibonacci, on the bottom of "buying area".
3️⃣ Accumulation inside a 70-day range with lower-highs decreasing, and lower-lows rejected by the "lower-line" as support.
4️⃣ Triple Bottoms pattern formed by the 3 lower-lows over 60-day period
5️⃣ Strong 180-day Support Line created from the end of the 1st impulsive wave (resistance - nb.1), tested by the second corrective wave (support - nb.4), and reinforced by the 3 lower-lows / triple bottoms
6️⃣ Bollinger Bands Squeeze with both bands coming close together showing a time of low volatility, before a potential reversal with an increase of volatility.
7️⃣ All Moving Average 20/50/100/200 are now positioned under the current price structure as supports.
1️⃣ Elliott 5-impulsive-waves with perfect overlaps on previous resistance/support. This Bullrun increased #OGN price by +2,700% over 86-day.
2️⃣ Elliott 3-corrective-waves with a heavy fall of -80%, until bellow the 23.6 Fibonacci, on the bottom of "buying area".
3️⃣ Accumulation inside a 70-day range with lower-highs decreasing, and lower-lows rejected by the "lower-line" as support.
4️⃣ Triple Bottoms pattern formed by the 3 lower-lows over 60-day period
5️⃣ Strong 180-day Support Line created from the end of the 1st impulsive wave (resistance - nb.1), tested by the second corrective wave (support - nb.4), and reinforced by the 3 lower-lows / triple bottoms
6️⃣ Bollinger Bands Squeeze with both bands coming close together showing a time of low volatility, before a potential reversal with an increase of volatility.
7️⃣ All Moving Average 20/50/100/200 are now positioned under the current price structure as supports.