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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Altcoin Surges in Wave 5 - A Strong Price Increase or Calm Before the Storm?
The cryptocurrency market always attracts traders and investors with its cyclical nature, characterized by strong price surges followed by sharp corrections. Recent chart patterns indicate that the altcoin market may be in the final stage of the fifth wave of the Elliott wave cycle. But what does this mean for investors? Let's analyze past cycles, current trends, and the potential future of altcoins. Understanding the Elliott Wave Framework in Cryptocurrency Elliott wave theory, a popular tool for market analysis, identifies price movements as repetitive cycles consisting of five upward waves (1-2-3-4-5) and three corrective waves (ABC). In the cryptocurrency space, this framework has proven to be a useful way to understand market psychology and predict price action in the future. What do the cycles in the past teach us?