AUTO LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the AUTO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AUTOUSD
AUTO - Massive channel is breaking out! Huge gains, Elliott Wave
First of all, I want you to take a look at the volume indicator. As you can see, we have huge bullish volume!
On the daily chart, there is a descending parallel channel that has been destroyed by the bulls recently.
Also, there is a local symmetrical triangle that looks like it is also breaking out, so we have a double breakout, which is nice to see!
Impulse Elliott Wave has been completed (5-3-5-3-5), and because of that, I expect a bullish retracement.
The profit target is at the end of the previous wave 4.
I don't have the historical data to put a fibonacci retracement from the previous all-time high, but it was around 13 500 USDT.
I think this is a pretty good setup to buy this coin on the spot market.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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AutoFarm AUTO - Whales are buying! Breaking out + Triangle
First of all I want you to take a look at the volume indicator - we have an elevated volume and massive buying pressure!
On the daily chart we can clearly see a massive descending channel and the price is very close to so a breakout.
Also we have a symmetrical triangle + 200 daily moving average, likewise very close to a breakout!
Impulse Elliott Wave has been completed (5-3-5-3-5) and now we can expect at least a bullish retracement.
First profit target: End of the wave 4 + 0.382 FIB - 91% profit at 600 USD.
Second profit target (recommended): End of the wave 2 + 0.618 FIB - 425% profit at 1683 USD.
Always set your profit target slightly below these levels, to make sure you will get filled.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
AutoFarm AUTOUSDT - Record Volume + HUGE Channel + Elliott Wave- On the daily chart we can clearly spot a descending channel , which is very close to a bullish breakout!
- If you take a look at volume , we have a massive bullish volume spikes - always good to see.
- 200 weekly MA is actually acting as a resistance, but if the channel breaks up, then the MA will too!
- Due to my Elliott Wave analysis - 12345 Impulse wave should be completed and now are expecting at least a retracement to 0.618 FIB.
- Look at my ideas about another great altcoins in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
AutoFarm AUTOUSDT - Best buying opportunity! + Wedge + Rectangle- We have a huge falling wedge on the daily chart, which can lead to a massive breakout!
- Also we can see a bullish rectangle pattern currently forming on the chart.
- You can buy breakout above the rectangle + wedge trendline (above 550 USDT).
- Due to my Elliott Wave count, we have a completed Impulse wave (1-2-3-4-5).
autofarm AUTO to min 2226$ in wave 3Hi everyone, autofarm RSI is warm and good upside and momentum is increasing also money flow gradually come in. Market cap increased well in the last month... All the stars seems to be aligned for a breakout to at least 2228$. Everything look in place for AUTOUSDT . Here are potential Wave 3 targets for AUTO if he can exit this Rising Channel :
Exits :
161.8% - 2228$ (minimal target projection)
175% - 2326$
200% - 2511$
261.8% - 2968$
161.8% log = 3577$ (potential)
Wave 2 retracement was light which
can contribute for a stronger wave 4 retracement later. Have a wonderful day ! Best to you. Crypto Mercy
