See my Previous Analysis that caught the bottom EXACTLY (click).
Icon bounced where expected in the plot above.
Now we have a crucial Support that needs to hold.
And we have nearby Resistance that needs to break.
1898-1906 sats is the Crucial support that most not break.
2020-2025 sats is the immediate Resistance just above us.
1950-1952 sats would be the ideal Bullish bounce to see.
If we get move past resistance, I will plot targets at that time.
Too early to assume "bottom" is in, since many alts just keep diving.
Confirmation of bottom would break of 2k sats and retest with bounce.
Icon bounced where expected in the plot above.
Now we have a crucial Support that needs to hold.
And we have nearby Resistance that needs to break.
1898-1906 sats is the Crucial support that most not break.
2020-2025 sats is the immediate Resistance just above us.
1950-1952 sats would be the ideal Bullish bounce to see.
If we get move past resistance, I will plot targets at that time.
Too early to assume "bottom" is in, since many alts just keep diving.
Confirmation of bottom would break of 2k sats and retest with bounce.
Note
Quick UpdateBroke through resistance and Pinged the fib just above
Need to observe the retrace now, to gauge how deep it might go.
.
Note
Making Strong Progress, some preliminary targets/hurdles have come to light: Once things come into focus better, i will post a new Idea with tighter zones of interest.
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Note
Excellent Progress but Heads UpWe are nearing OutPost # 4236 .. Prepare for possible crash landing
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Note
Fib Utilization Example:Based on the reactions as each of these fib ratios we can expect a reaction at the 4.236:
ie: time to start safe guarding profits and/or selling into the fib area
.
Current Bull Flag breakout could send it past the 4.236
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Note
( ( < Ping > ) ) 4.236 kissed as expected
But that 4.236 could very well be the end of this wave.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.