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$ETH has put in a great set-up.
We are currently sitting around $207
Price has pulled into an area of structural support, through a harmonic AB=CD move.
At this area of structure, we get the 127.2 Fibonacci confluence.
For me, a key indicator to go long here, is a the addition of a double bottom coupled with bullish divergence on RSI (7).
This suggests that ...
The bear market isn't over for me yet.
Price has formed a wising wedge in leading into an area of resistance.
The rising wedge is supported by RSI.
We also have some hidden divergence, suggesting a continuation to the downside.
I am expecting a further decline in prices.
I am looking towards to 27c-30c region for XRP.
Within this zone I expect the completion of a harmonic move/abcd.
We have a strong area of support here and the 1.618 extension level acting as confluence.
This would be a great price level to refill my bag of xrp.
I have been dollar cost averaging, all ...
I am looking to add to my GNT position.
My first entry was at $0.19 :)
We have currently run into some resistance with bearish divergence.
I am keeping an eye on $0.62 as an area of support. I will place a limit order here.
If we break and close below this level, I will pick up more GNT around the $0.50 support/psychological level. ...
Hi Traders & Investors
I haven't posted here in a while.
I have been picking up some more Ethereum at previous structure; getting in under $400
This looks like a significant level which we are currently testing right now.
Price may consolidate around here until the market is ready to go long.
If price can run up from here, I believe that the next level to ...
My fib levels show that we have a potential Gartley pattern and Bat pattern completing around the same price level @1.0024
This is an opportunity to go short.
Initial Targets and SL are illustrated
This pair has been channeling for a very long time within a bearish flag pattern.
This pair seems to be breaking out of the channel
Price has also tested the previous low.
A break and close below signals a move down.
Some conservative traders, will prefer a break and resets of structure
We have 2 potential advanced patterns, however note that a rise up to the orange bat completion will invalidate the purple gartley pattern.
Bearish Bat Pattern:
Targets and stops illustrated
Bullish Gartley pattern
Targets and stops illustrated
Good reward to risk ratios
Have a good trading week
After recently completing a successful cypher pattern on this pair, we a close to completing a Gartley pattern.
If price reaches the 1.272 extension (AB) we reach a D completion.
Entry @ 103.55
Target 1 @ 102.65
Target 2 @ 102.10
SL @ 104.15
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