$ATOM has flipped the 1.618 fib extension at $38.70 and is Bullish looking to continue higher towards upper 40's to $50 if it follows the fib extension targeting the 2.618 at $50 next. Back Below $38.70 and I will have to re evaluate and most likely look for consolidation above $38.70 to go long targeting $50.
Using a Fibonacci Extension tool to measure the first wave of the move or the "Impulse Wave" gives me these targets. This is a 1:3 trade setup and we are almost at the first TP or heavy resistance area. This was mainly published as a guide for taking profits in $XTZ along the way up by combining Fibonacci Extensions with Horizontal Resistance. The Fibonacci...
LINK is breaking out to new highs. As usual its leaving everyone behind, but if you use 15min TF buy in the purple zone which is in between the .618 and .5 FIBO. SL for LINK/USDT $5.05 or in BTC SL is .0558 or .00055 if your not leveraged or are holding for long term with a looser stop. My TP is .00064. Happy Trading! If you have any comments or suggestions leave...
KNC reversed at the .236 and is now currently trading at .00012892. The reason I like this pair so much and this trade is because of the Risk to Reward. The Stop loss is at .0001170 and the first target is .00017. The trend will continue up the Fibonacci ladder and I have my final TP3 at the .618 .00028. This is a long term trade and some may find that the TP1 is...