Bullish penant ABCDE - awaiting breakout, under penant there is 20 EMA support,
Stoch RSI is in really good level showing signs of reversal of the oversold trend.
It is moving in a pitchfork channel combined with a parabolic curved one.
Currently we are on the way to complete 5th subwave of current 1st wave (around 1.07 and pitchfork midlane).
Looking forward in the future we can expect 2$ in next month if BTC stays favourable.
DCA entries in case BTC defies odds are on white fibb levels.
MACD is not loaded yet, but will cross if we breakout the penant.
Fallthrough from penant is safe to get first fibb or BB bottom as a wick, any of that in my oppinion can happen only if BTC or ETH do something negative.
The chart is very healthy as of indicators trading above all EMAs.
This is a upgrade/rework of my previous successful idea.
Stoch RSI is in really good level showing signs of reversal of the oversold trend.
It is moving in a pitchfork channel combined with a parabolic curved one.
Currently we are on the way to complete 5th subwave of current 1st wave (around 1.07 and pitchfork midlane).
Looking forward in the future we can expect 2$ in next month if BTC stays favourable.
DCA entries in case BTC defies odds are on white fibb levels.
MACD is not loaded yet, but will cross if we breakout the penant.
Fallthrough from penant is safe to get first fibb or BB bottom as a wick, any of that in my oppinion can happen only if BTC or ETH do something negative.
The chart is very healthy as of indicators trading above all EMAs.
This is a upgrade/rework of my previous successful idea.
Comment:
Bounced off 50 EMA and 0.382 and bb bot slighly down as expected, now if btc goes to 0.5 this trade should be closed.