ATH condition: first correction and then pump
Hello dear friends
As you can see in the diagram, the ATH is ready for a correction after the recent ascent
ATH correction can be Fibonacci 0.618 = $2300
That is up to MA200 per day = $2300
That brings the price correction to around $2,300
After this correction, we see the formation of a continuous and incremental triangle
Now, with this correction, ATH will make its point D in the ascending triangle and will start moving towards the upper side of the triangle, and after breaking the upper side of the triangle, it will continue its movement according to the triangle pattern up to $6,800.
Dear friends, this is not a trading recommendation
Please make your transactions at your own discretion and opinion
Good luck
As you can see in the diagram, the ATH is ready for a correction after the recent ascent
ATH correction can be Fibonacci 0.618 = $2300
That is up to MA200 per day = $2300
That brings the price correction to around $2,300
After this correction, we see the formation of a continuous and incremental triangle
Now, with this correction, ATH will make its point D in the ascending triangle and will start moving towards the upper side of the triangle, and after breaking the upper side of the triangle, it will continue its movement according to the triangle pattern up to $6,800.
Dear friends, this is not a trading recommendation
Please make your transactions at your own discretion and opinion
Good luck
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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.
Related publications
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.