More Up Before Correction

If you follow my previous TA

, you should've took partial profit at the level where planned as end of Wave 3.

Depends on your style, you probably just hold remain coins bought previously or add more during Wave 4 correction.

As for now, we suspect that Wave 4 correction has ended and we are heading to final Wave 5 before major correction. Target is around $45 - $46

Note

seems Wave 4 not ended, because Wave 2 was a sharp correction, then this wave 4 might will be a sideways..

if it doesnt ended at current level, then next support will be at $30.78 before starting wave 5

Note

current support is $31.97

this is 24% retracement from top of Wave 3. If it doesn't bounce and begin Wave 5, next key level of Wave 4 is between $28.4 - $30.78.

sideways testing our patience

Note

expecting sideways is ended with a big movement.. watching closely

Note

by the way.. I never recommend all-in trade. Instead, I always suggest taking profit along they to the top level of the plan.

Note

we have movement.. let's see how it goes

Note

what a sideways :)

it's on track by the way.. as expected wave 4 is sideways considering we had sharp correction during wave 2

Note

final wave.. happy profit

Trade closed manually

original target was $45 - $46

but seem people over-shill it. then I closed my trade at $41. I consider this is end of Wave 5.

chipset

Also on:

chipset

Also on:

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.