Altcoins are beginning their third wave, conservatively 3-5 times away from the peak market value. Reject the noise, hold your valuable coins well, the altcoin season will soon explode.

1️⃣ The Elliott Wave has the following 3 principles.

◐ Principle ①: The duration of the 3rd wave in the driving wave cannot be the shortest among waves 1, 3, and 5.

◐ Principle ②: The 2nd wave in the driving wave cannot exceed the starting point of the 1st wave during the adjustment.

◐ Principle ③: The bottom of the 4th wave in the driving wave cannot be lower than the peak of the 1st wave.

Once the above principles are met, the Elliott Wave Theory will be established, making it easier to predict future adjustments. However, even if the above principles are satisfied, the price movement may not necessarily fluctuate according to the Elliott Wave rules, so caution is still needed.

The basic form of the Elliott Wave is '5 waves driving, 3 waves correcting,' forming a complete '8 wave cycle.' The purpose of the driving wave is to push the main trend of market prices, while the corrective wave serves as a pullback or correction of the trend.