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ONEUSD And SRMUSD Elliott Wave Cycles Point Bearish Reversal

Sep. 16, 2021 8:34 AM ET
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  • ONEUSD and SRMUSD Elliott Wave analysis.
  • ONEUSD looks for 0.12-0.10 support zone.
  • SRMUSD seems stronger.

ONEUSD jumped into new all-time highs, but looks like only a small spike, ideally for the final wave (5) of 5. So, with current sharp decline, seems like we will see more weakness, at least back to the first 0.12 – 0.10 support zone, if not even back down to second 0.05 support level.

ONEUSD 4h Elliott wave Analysis Chart

ONEUSD Elliott Wave

SRMUSD is one of the strongest cryptocurrencies, but even SRM may have completed a five-wave cycle, so watch out for a reversal down at least for a lower degree correction back to 7-6 first support zone, if not even deeper for a higher degree correction back to 2.x second support area.

SRMUSD 4h Elliott Wave Analysis Chart

SRMUSD Elliott Wave Analysis

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