FTX/USD
Updated
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
On this chart I want you to look at a few things.
From the ATH we've dropped about 73% so far
A lot of the coins I've charted for you has gone to the 82% or more area. On the fib retracement, if you look at the white lines, below the 0.236 fib level
where the purple circle is; That is where majority of altcoins have retraced to so far. This coin has a high possibility of going below the 0.236 fib as well.
RR: 7.4
Possible Upside: 459%
Possible Downside: 65%
On this chart I want you to look at a few things.
From the ATH we've dropped about 73% so far
A lot of the coins I've charted for you has gone to the 82% or more area. On the fib retracement, if you look at the white lines, below the 0.236 fib level
where the purple circle is; That is where majority of altcoins have retraced to so far. This coin has a high possibility of going below the 0.236 fib as well.
RR: 7.4
Possible Upside: 459%
Possible Downside: 65%
Trade active
Support and resistance levels added
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