FILUSDT long spot trade / after the last correction
Updated
after the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid.
FILUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: Extended Flat
Position: Wave (c) of (X)
Direction: Wave (c) of (X) is still in play
Details: Wave (c) is still in play which I expected to be end around 4.2-3.4 which will be my entry point.
Next Direction: next higher Degrees Wave (Z)
Targets:
10.4 with 170% profit
11.8 with 200% profit
the area between 12.9-13.1 with 240% profit
Wave Cancel invalid level: Daily closing below 2.7 with 30% loss
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Closer look on the current correction wave on the 1D Frame:
FILUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: Extended Flat
Position: Wave (c) of (X)
Direction: Wave (c) of (X) is still in play
Details: Wave (c) is still in play which I expected to be end around 4.2-3.4 which will be my entry point.
Next Direction: next higher Degrees Wave (Z)
Targets:
10.4 with 170% profit
11.8 with 200% profit
the area between 12.9-13.1 with 240% profit
Wave Cancel invalid level: Daily closing below 2.7 with 30% loss
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Closer look on the current correction wave on the 1D Frame:
Note
change entry point to 4.6 - 4.4
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