In purple: downtrend line
In blue: support areas
After its broke, I aplied Elliots wave theory. We should currently be in wave 2 heading to 0.236-0.382 of fibo. We also have 50D and 200D SMA floating on our support levels, givins us this blue box as a support and buyzone for wave 3.
Target: 0.022-0.024, around 55-60% profit
Candle closed below 0.00138 invalidates Elliots theory, and next support would be 0.0012.
In blue: support areas
After its broke, I aplied Elliots wave theory. We should currently be in wave 2 heading to 0.236-0.382 of fibo. We also have 50D and 200D SMA floating on our support levels, givins us this blue box as a support and buyzone for wave 3.
Target: 0.022-0.024, around 55-60% profit
Candle closed below 0.00138 invalidates Elliots theory, and next support would be 0.0012.
Trade active
Trade closed: stop reached