Big liquidations in the crypto markets over the last 48hrs with sentiment turning very bearish.
But from a technical pov does this look bearish to you?
The Elliot Wave correctional waves couldn’t be any clearer with beautiful symmetry.
The market already tested deep into the demand zone and has shown some strength to suggest it’s a worth a go in my view for a long trade here.
Trade probability 5/10
Risk to reward 9/10
Overall rating 7/10
1:28.5 Risk to Reward ratio
But from a technical pov does this look bearish to you?
The Elliot Wave correctional waves couldn’t be any clearer with beautiful symmetry.
The market already tested deep into the demand zone and has shown some strength to suggest it’s a worth a go in my view for a long trade here.
Trade probability 5/10
Risk to reward 9/10
Overall rating 7/10
1:28.5 Risk to Reward ratio
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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.