Analysis
REMEMBER TO TRADE THE BREAKOUT. Sell high and Buy low
1 - Trendline = Downtrend Lower Highs and Lower Lows
2 - Elliot Wave = We are in the 4th wave, headed to the 5th Wave before an ABC correction to the uptrend
3 - Fib trend-based extension tool - you can see that the elliot waves pullbacks [corrections] always correct to the fib lines.
4 - Support and resistance allow for a brief retracement before wave 5
REMEMBER TO TRADE THE BREAKOUT. Sell high and Buy low
1 - Trendline = Downtrend Lower Highs and Lower Lows
2 - Elliot Wave = We are in the 4th wave, headed to the 5th Wave before an ABC correction to the uptrend
3 - Fib trend-based extension tool - you can see that the elliot waves pullbacks [corrections] always correct to the fib lines.
4 - Support and resistance allow for a brief retracement before wave 5
Note
Callouts 1, 2 successful.Awaiting the descent to wave 5
Note
Descent active. Take profits at $120 and stand down until the retrace upTrade active
Trade closed: target reached
Note
This was my first Crypto tech analysis. not bad for a start. hopefully consistent on the next ones
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.