Hello, Skyrexians!
We decided to find the crypto assets with the largest potential and the proper Elliott waves structure and found ARB which is still at the bottom but has a great chance to print the super strong long signal.
Let’s take a look at the weekly chart. We can count all the price action on the Binance exchange as the large irregular correction ABC. Wave C lasts already exactly one year. This wave always consists of 5 waves and here we can have a clear counting. Look how perfect was the wave 4 touch of 0.38-0.5 Fibonacci zone. Now price has reached the maximum target of wave 5. In conjunction with the divergence with the Awesome Oscillator, angulation with Alligator and potential green dot on or Bullish/Bearish Reversal Bar Indicator [Skyrexio] we can conclude that probability of reversal now is more than 80%. The only one thing we need to wait for the next week to see the green dot confirmation.
Best regards,
Skyrexio Team
