As we see on our graphic , master fibonacci says that 15,67 is a very important level during this sell off.
It is 0.382 level of our historical low and high prices.Usually in a healthy correction price may fall till fibonacci 0,382 and 0,500 levels.
In our case, a daily close over this price going to prove that it works as a support.
Safe Entry Closing above 8.2
Resistance at 11.3
Main target : 15 $
You can hold for long term
If it goes down :
Support 1 : 6.81
Support 2 : 6.1 and 5.6 area
Good luck
Sold my position at the following values as it rose. Misread the initial pop obviously thinking it was the peak of a downturn. Thinking rebuy at high-mid 12s even? Thoughts? It's extended even for a cup/handle right?
These are funny times with all this BTC hype and volatility, but let's try to set up simple trade.
Entry above 8.0, target 10.5, stop loss bellow 7.0 (RR = 2.5).
Good luck!
We finished wave II right at 61.8% fib level of wave I. I speculate we're in the beginning of wave 3. Projected targets for wave III and V are $15 and $20 at minimum.
OMGUSDT chart is showing an ascending triangle and Also it formed a double top pattern. If the resistance at $9.87 breaks, the price will go up very fast. The pending buy order should be set at above $9.9 and the stop loss should be set at $9.2. Since there is another resistance price at $10.52, the first target should be placed there, and the second target will...
We have strong resistance at 8.7. Breaking this with proper volume could lead us to marked targets. Note that 3.618 target is not seen on the chart.
Stop loss - I'd set it bellow 8.0 and then rise it if we'll get a chance.
OMG looks like it is breaking out of a symmetrical triangle. If this will happen, the price will go up very fast, like it usually happens with symmetrical triangles, probably to 8$ in the short term. MACD also looks to be turning bullish, and the RSI is showing signs of consolidation (it is making lower lows as the market price makes lower lows). This is an...
