I'm a bit hesitant to spill the beans on this coin, so I'll keep it to TA .
So we have here what I suspect to be an almost completed (A) (I think we could hit the bottom of the pocket around 0.208 before bouncing for a (B). Retraces have been shallow within (A), so I don't quite know what to expect here. I do expect a mercy bounce across the market with BTC giving the alts a little breathing room within the next few days, but I don't expect it to last.
Long term, we should be seeing a challenge to the ATH late this year, but we're not quite ready for that move yet.
Lets check back on this in May.
Safe trades to all.
So we have here what I suspect to be an almost completed (A) (I think we could hit the bottom of the pocket around 0.208 before bouncing for a (B). Retraces have been shallow within (A), so I don't quite know what to expect here. I do expect a mercy bounce across the market with BTC giving the alts a little breathing room within the next few days, but I don't expect it to last.
Long term, we should be seeing a challenge to the ATH late this year, but we're not quite ready for that move yet.
Lets check back on this in May.
Safe trades to all.
Order cancelled
Was a bit soonish :) But this is still a great play.
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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.