As we have seen that most of the time when BTCUSD rises the ALTS also follow suit. DODGEUSD seems to have completed wave 2 of wave 1 and it is now forming the third impulse wave. Note that the first target is the zone at the top of the first impulse wave. We are, however, expecting price to break through that zone as wave 3 is usually larger than wave 1.
We will be looking for long opportunities and our first profit target is at the first resistance level shown. The is a possibility that the move up will form a 4th leg or break the resistance zone. If the resistance zone holds we expect a final 5th leg down then an upward move which will break out. After the break out at the resistance zone our profit target will...
We will be looking for long opportunities at the current support zone and our first take profit target will be at the first resistance zone shown. There is a possibility that the move up will only be the fourth leg of the correction. If this is the case we will have a final 5th leg down then we expect a move up and a breakout of the resistance zone. The second...