Contentos / TetherUSUpdated Wave Z Play for COSUSDT
See pictured..
8.65 risk/reward ratio
Buy in around .00900-.00915
Stop Loss around 870. The formation can't stand if it drops below x1 end point of ~.00810. You can accept additional risk by putting your stop loss near that level if you would like.
First Target .012. Will be reassessing target based on the Wave A up. Wave A up should hit around .0103 before starting Wave B, which is the .618 retrace of X2
8.65 risk/reward ratio
Buy in around .00900-.00915
Stop Loss around 870. The formation can't stand if it drops below x1 end point of ~.00810. You can accept additional risk by putting your stop loss near that level if you would like.
First Target .012. Will be reassessing target based on the Wave A up. Wave A up should hit around .0103 before starting Wave B, which is the .618 retrace of X2
Note
Shifted the X2 up a bit. I see a couple scenarios:1. X2 ended and we are moving up for Wave Z. shown in snapshot
2. X2 is on B and can move down further
3. WXY or WXYXZ is complete for Wave 1(leading diag) of larger Wave 3
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