comp has compeleted 5 wave and it seems is in a correction wave with head and shoulders pattern.
Comment:
it is the first step of going down//
Comment:
neck line has broken , enormous falling if breaks 50
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The whales are trying to convince everyone that this coin is going to grow a lot and I think this is a big hoax and it is already involving with the monthly resistance area again and will break today's low in the coming days.
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Once again it was rejected from its monthly resistance. Candles with a very long shadow clearly show the weakness of the upward trend. I am waiting for a drop to at least $45 and I will not close the short position anytime soon.
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I am still on my idea unless the resistance level of (0.00225 comp to BTC) Which would be about 72$ is broken and above it is confirmed
Comment:
It must be admitted that basically we are facing a very strong upward trend , but my analysis is still valid because the monthly resistance of $72 is still unbroken. Now, we can expect that this coin with a double top pattern will start correcting first up to the neck line and in case of failure up to the support line of $45.
However, the overall uptrend is very strong and if a correction takes place, I expect the coin to eventually bounce back from the aforementioned areas.
However, the overall uptrend is very strong and if a correction takes place, I expect the coin to eventually bounce back from the aforementioned areas.
Trade closed: stop reached:
Price hit the stoploss
however I am looking for another short position around 80$
however I am looking for another short position around 80$