XLMETH Bittrex 12 H – Wave V starting?XLMETH might start a wave 5 in a shorter timeframe (12 H) with a reasonable and potential target of 1.272 extension of the last bullish move – reversing from 0.0034.
The risk reward ratio looks quite favorable as with breaking the current 0.618 correction level of previous bullish swing and going below 0.000495 the wave count is already negated and stop can be set accordingly while a reasonable target can still be 0.00068.
RSI could be stronger and volume should increase though.
I have entered in XLMETH with 2.5 ETH at the developing ascending triangle of wave 3 already at 0.000495 level. I am still in expecting the wave 5 to unfold. I am stopping out if 0.618 level is compromised and wave count is negated (with touching wave 1 top).
These are my personal views and analysis only. Please do your own research and trade carefully!
Thank you for the likes and follows!!!