Observations are similar to BTC.
1) High RSI, due for a restracement
2) Gantley formation in play with 2 hrly (needing C to be confirmed as bearish formation)
3) Next resistance is as per November 2018 resistance, our target
4) Fib. observations all line up
5) Elliont wave in play, seeing wave 4 path
Please like and any comments welcomed.
1) High RSI, due for a restracement
2) Gantley formation in play with 2 hrly (needing C to be confirmed as bearish formation)
3) Next resistance is as per November 2018 resistance, our target
4) Fib. observations all line up
5) Elliont wave in play, seeing wave 4 path
Please like and any comments welcomed.
Trade active
More detailTrade active
As stated, if C is not confirmed as Gantley formation, then the current formation might continue in the rising wedge (in blue), indicating a drop is coming.Trade active
C has been invalidated and I have now changed my position, it has now become a bullish flag.Trade active
As I watch things in play, I'm trying to get the right patterns. Finally I see a restracement happening and my final conclusion is a pullback at this stage and target is wave 4.Trade active
After further review, I have narrowed it down to $160's range as the optimum buy in. Trade closed: target reached
successful forecast 
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.