As you can see from the chart it's interesting to watch whales playing games on this coin. Always retracing over 90% each time from the top to the bottoms. Because this coin has not done anything apart from acting like a pump and dump, i'm assuming its going to dump all the way to:
- Entry: 23- 13 satoshi
- Exit: I would go for anything above 300%-500% my...
My two other long recommendations have been correct. My third one will be as well.
As you can see, the stock BAYN bounces around the former support that I have drawn in the second recommendation.
On Friday, the stock closed with a positive DOJI, just over the support line. Since the stock will open higher on Monday, I suggest that you open a long order @97.8€...
This coin has a lot of bullish potential, as you can see from the chart the price has painted a huge triangle which can indicate a breakout and profit opportunity. You can set buy orders in the green box between 8,000 - 10,000 satoshies and set a target of 20,000+ satoshi. I would also like to mention bullish MACD cross upcoming if the price in fact would...
A,B,C,D,E = Elliot correction wave
Horizontal Black line = Support/Resistance
Blue Trendline = Current/Major Trendline
Yellow Trendline = Possible Trendline if this occurs
Major trendline= Up
As we can see in this chart, I measured the patterns and they have a deviation of ~5%, in all ups and downs, so I projected the next move.
Huge upside momentum however we look for the break to the upside at the weekly mid level up to the fib 50 level (red line) and then we anticipate a massive fall to the downside with good risk reward.
we will be patient until there is confirmation of a failed attempt on the weekly mid or the reversal around the upward channel boundary / fib 50
I put this together, as ive been trying to learn charts for the last couple of days! Looking at different scenarios, Just something I thought I would share and lets see the outcome. I believe if you "long" youll make nice profit. But again remember I am very new to this!
Markets have closed after setting up a double top at previous structure resistance.
This has set up a good risk to reward ratio should price produce a move down to the support level.
Market is at resistance; market has put in a double top; RSI is showing bearish divergence; a few signs pointing down.
I will be shorting when market opens.
Following this uptrend will secure a short buy position in the 60/240 timeframe.
Unless the updated after the US current accounts the position will stand at:
descending trend line
hit the fib level of 61.8
over 4 types of resistance correlating at the entry price
stop loss over the next higher fib level
4h our bearish
nice easy drop do to most recent low