AutoFarm AUTO - Whales are buying! Breaking out + Triangle
- First of all I want you to take a look at the volume indicator - we have an elevated volume and massive buying pressure!
- On the daily chart we can clearly see a massive descending channel and the price is very close to so a breakout.
- Also we have a symmetrical triangle + 200 daily moving average, likewise very close to a breakout!
- Impulse Elliott Wave has been completed (5-3-5-3-5) and now we can expect at least a bullish retracement.
- First profit target: End of the wave 4 + 0.382 FIB - 91% profit at 600 USD.
- Second profit target (recommended): End of the wave 2 + 0.618 FIB - 425% profit at 1683 USD.
- Always set your profit target slightly below these levels, to make sure you will get filled.
- Look at my ideas about interesting altcoins in the related section down below ↓
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