Hi Traders,
Seems like "The BIG Triangle" scenario is most probable right now. We could reach a Yelow downtrend line starting at Dec 2017 peak, connecting Top of 2018 bull run. Now Target Sell area will be around 11,3 - 11,K. And waiting for bounce to bottom trendline of triangle.
So for now we could be in a ((i)) wave of (C). Next wave will be same or 1.618 of ((i)). Trade Carefully and use stop-loss. Many traders know about marked levels so I expect some surprise from Whales. But stilll not sure where.
Good luck.
Seems like "The BIG Triangle" scenario is most probable right now. We could reach a Yelow downtrend line starting at Dec 2017 peak, connecting Top of 2018 bull run. Now Target Sell area will be around 11,3 - 11,K. And waiting for bounce to bottom trendline of triangle.
So for now we could be in a ((i)) wave of (C). Next wave will be same or 1.618 of ((i)). Trade Carefully and use stop-loss. Many traders know about marked levels so I expect some surprise from Whales. But stilll not sure where.
Good luck.
Note
Thios growth looks good, its not pump and dump but steady - probably Retail is getting back to market. So lets wait a little more for them to buy "expensive" coins and make some drop to scary weak hands :D and make 10 % ++
RSI looks like we could reach 10300-1500 area and wave (iii) will be finished .
I will update you with EW count on smaller time frame ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.