I've been following this coin for a while and i thought i could share my trade idea. The chart might look a little messy but I wanted to share all the basis for this trade.
After the last weekends uptrend we had to face some retracement which landed on .786 retracement of the bigger cycle, and exactly on target of wave C which was created with use of Trend based Fib extansion. The same tool was used to predict all the next waves.
It is still early to tell that this retracement in not going any further at this point however if we do not brake the 680 sats level a beautiful uptrend is coming for this coin.
If you're using stop loss i woul put it ~670sats which is slightly below .786level
Every feedback is welcome.
After the last weekends uptrend we had to face some retracement which landed on .786 retracement of the bigger cycle, and exactly on target of wave C which was created with use of Trend based Fib extansion. The same tool was used to predict all the next waves.
It is still early to tell that this retracement in not going any further at this point however if we do not brake the 680 sats level a beautiful uptrend is coming for this coin.
If you're using stop loss i woul put it ~670sats which is slightly below .786level
Every feedback is welcome.
Comment:
Head&Shoulders pattern spotted on 15 minut chart, be carefoul, the target of h&s is approx. 730sats
Comment:
very close to the new trend line, bounce expected soon
Comment:
currently accumulating, good point for entry before another run up