World coins has seen a nice push to the down side since its launch. Following the trend of the lows down on a log scale price has bounced a few times and is currently retesting the same trend.
IF BTC and ETH make a small corrective push up many ALT coins will mostly likely will do the same.
Taking the same trend line from the lows and applying it to the high to create a parallel channel creates an area of interest at the golden pocket area of the swing IF the low is in at the trend line.
While just a retrace given the size of the swing the target area is approximately 30%.
Being this is highly volatile and there is not guarantee of a corrective a stop loss just below the trend line is in order
Trade Well....
IF BTC and ETH make a small corrective push up many ALT coins will mostly likely will do the same.
Taking the same trend line from the lows and applying it to the high to create a parallel channel creates an area of interest at the golden pocket area of the swing IF the low is in at the trend line.
While just a retrace given the size of the swing the target area is approximately 30%.
Being this is highly volatile and there is not guarantee of a corrective a stop loss just below the trend line is in order
Trade Well....
Note
needs to be reviewed for a fresh look
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.