By looking at the daily candlestick chart, we can draw a Primary Elliott Wave that begins at the interim low, near .035. This trend will likely culminate in a test of the ATH. Currently, at right around .04, it is an excellent buy. Place a stop at .038 to save yourself, in case of a breakdown - you never know with cryptos. A short-term profit target of .068 is reasonable for the swing traders.
Trade active
Trade active
Trade active
Still waiting for the impulse to begin. Great time to buy in to a long position. Keep your stops at .038
Trade active
Looks like the true buying climax has arrived, based on the high volume we see at this low resistance line. Buy, or Hold Long
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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.