Updated
ENG Potential next move
Seems very likely that ENGBTC moves up to target
Wave 3 finished almost exactly at a 1:1 extension of waves 1-2
A 1.618 Extension of Waves 1-2 lines up very closely with the .786 Extension of waves 1-4 so this area will act as a major resistance point.
Buy in 32-28 area
Sell targets
Target 1: 34000
Target 2: 37000
Target 3: 40000
Wave 3 finished almost exactly at a 1:1 extension of waves 1-2
A 1.618 Extension of Waves 1-2 lines up very closely with the .786 Extension of waves 1-4 so this area will act as a major resistance point.
Buy in 32-28 area
Sell targets
Target 1: 34000
Target 2: 37000
Target 3: 40000
Note
Target 1 reached: 7.5% profit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.