ANT Potential scenario
Updated
My speculation on the ANT future price movements based on the:
1. Volume Profile
2. Fibonacci
3. Elliot Wave count
4. RSI divergence
1. Volume Profile
The volume profile is a great tool to see distribution block on the price chart and we all know that the price tends to move from one to another.
Most of the SMC traders use the fair value gaps for their trading, in this kind of strategy we are looking for the low volume nodes, which is the same.
We can clearly see the point on the chart, where ANT transacted the most. That is the point of interest that we are targeting or using as an entry.
2.Fibonacci
Recommended to use the fibonacci 0.7 and 0.6 levels to take profit because of it's psychological effect on traders. I do believe fibonacci works on the higher timeframes, because most of the traders use it, so it triggers a buyer or seller effect on the price, that we cannot ignore.
3. Elliot Wave count
The Elliot wave count worked out beautifully on the structure and have to be prepared for an ABC correction to the upside.
4. RSI divergence
Rsi divergence trading is one of the most basic trading strategies and skilled traders can benefit a lot from that strategy. We usually use it for confirmation and to see the market sentiment and momentum decrease.
1. Volume Profile
2. Fibonacci
3. Elliot Wave count
4. RSI divergence
1. Volume Profile
The volume profile is a great tool to see distribution block on the price chart and we all know that the price tends to move from one to another.
Most of the SMC traders use the fair value gaps for their trading, in this kind of strategy we are looking for the low volume nodes, which is the same.
We can clearly see the point on the chart, where ANT transacted the most. That is the point of interest that we are targeting or using as an entry.
2.Fibonacci
Recommended to use the fibonacci 0.7 and 0.6 levels to take profit because of it's psychological effect on traders. I do believe fibonacci works on the higher timeframes, because most of the traders use it, so it triggers a buyer or seller effect on the price, that we cannot ignore.
3. Elliot Wave count
The Elliot wave count worked out beautifully on the structure and have to be prepared for an ABC correction to the upside.
4. RSI divergence
Rsi divergence trading is one of the most basic trading strategies and skilled traders can benefit a lot from that strategy. We usually use it for confirmation and to see the market sentiment and momentum decrease.
Note
Rejection from the optimized trend tracker (100VAR)Note
On the volume profile we can clearly see which period are we in the move and where will the impulsive movement come.Note
Delta divergences just confirm my trade plan at the momentNote
BTC CME GAP usually acts as a magnet and when the bitcoin price will be heading to that zone, that will bring the whole market with it, ANT as well..
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