LGDBTC - 130-160% profit target
Updated
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Due to the crypto market tanking today, this is likely no longer valid.
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