Short
LGDBTC - 130-160% profit target
I'm new to technical analysis and am putting this out there for critique, tips, and to see how accurate I am.
I have made an attempt to utilize Elliot Waves, Fibonacci Retracements and Extentions, along with resistance lines.
Make sure to enter in the target zone of Fibonacci Retracement 50 to 61.8% (price targets shown on chart).
The first target is previous resistance for 130% profit, and the second is 160% at Fibonacci Extension of 1.618 (price targets shown on chart).
I have made an attempt to utilize Elliot Waves, Fibonacci Retracements and Extentions, along with resistance lines.
Make sure to enter in the target zone of Fibonacci Retracement 50 to 61.8% (price targets shown on chart).
The first target is previous resistance for 130% profit, and the second is 160% at Fibonacci Extension of 1.618 (price targets shown on chart).
Note
EDIT: I should have checked the previous resistance on this before posting. This line, I believe, was the 1.618 target prior to making an adjustment. I will be using the 1.618 target.Note
Due to the crypto market tanking today, this is likely no longer valid.
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.
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.