N wave with E, N & NT projection.
The price is above the Kumo with Tenkan-sen as immediate support (0.480).
Price needs to maintain above NT level (0.490), confirming bullish continuation and act as immediate resistance.
Entry: Consider entering a long position if the price convincingly breaks above the NT projection level (around 0.490) with volume confirmation.
Stop Loss: Place a stop-loss just below the recent low, around 0.460, to manage downside risk.
Target Levels:
Initial target (N wave projection): 0.535
Extended target (E wave projection): 0.580
Note:
1. Analysis for education purposes only.
2. Trade at your own risk
The price is above the Kumo with Tenkan-sen as immediate support (0.480).
Price needs to maintain above NT level (0.490), confirming bullish continuation and act as immediate resistance.
Entry: Consider entering a long position if the price convincingly breaks above the NT projection level (around 0.490) with volume confirmation.
Stop Loss: Place a stop-loss just below the recent low, around 0.460, to manage downside risk.
Target Levels:
Initial target (N wave projection): 0.535
Extended target (E wave projection): 0.580
Note:
1. Analysis for education purposes only.
2. Trade at your own risk
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.
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.