I think there is a bat pattern completed that will lead the price around 0.05 - 0.051 USD, where is light resistance and will facilitate the rise to the zone between 0.0559 and 0.0595 USD where a wall is waiting (red box). That move could take to an inverted H&S which will back down the price to 0.05 area, and then, if this become true, at least 0.062 USD (1:1 fib trend extension of the bat pattern) could be reached. Finally, positively-blind thinking, If this take strength and bulls get in to, it could easily reach the 0.09 USD zone corresponding to the inverted H&S target. All this should be validated with an increase of volume.. so we will be watching this market.
PD: Sorry my english...
Im totally new ... and Im just learning...
Any help is welcome and totally apreaciated.
-CJ-
PD: Sorry my english...
Im totally new ... and Im just learning...
Any help is welcome and totally apreaciated.
-CJ-
Note
What is this?Is that im so newbie that i see things everywhere?
Or is this a crazy thing?
Market is going down.. TRX to 0.027709 USD? MACD is saying yes..
Any sign of reversal?
Fractal Bat fail for sure?
Note
Note
I should expand my view for the next, cause.. having identify the bottom, why i didnt think in that could be the end of the last butterfly ?!I will move those things and estimate new targets :)
---- learning :)
Note
Not only the butterflies, the big inverted h&s is included tooNote
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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.