hello guys, it been a time since i posted last time i was keeping things up (learning & working)
this going to be in III parts: part I: explaining the chart part II: my analysis of the past movements part III: my analysis for the upcomming movment
part I: explaining the chart -trend lines are in yellow -fibs retracement green & red green if the next movment are bullish red if the next movment are bearish so if you want to check the fib lines of of a trend dont see the the fib on it, check the one before it (i know you got what i mean lol) - fib zones blue & red blue for the top red for the bottom
part II: my analysis of the past movements i sliced the chart into 3 cycles every cycle 1 down trend + 1 up trend (the pump that happend in the first minutes of the add is not in my calculation)
first cycle (4 days): -start with a down trend from 0.17$ at 9 mars to 0.099$ at 11 mars -then an up trend from 0.099$ at 11 mars to 0.45$ at 13 mars the up trend did an extension to fib 2.618
second cycle (4 days): -start with a down trend from 0.45$ at 13 mars to 0.27$ at 15 mars the down trend did an retracement to fib 0.5 -then an up trend from 0.27$ at 15 mars to 0.85$ at 17 mars the up trend did an extension to fib 2.618
third cycle (5 days till now): here where it get intresting -start with a down trend from 0.85$ at 17 mars to 0.55$ at 20 mars the down trend did an retracement to fib 0.5 but it took one day more the the passet down trend
part III: my analysis for the upcomming movment -well as i see fib time zones has failled us we miss the bottom by 1 day and we allready missed the top -if the top going to be missed elso by 1 day -and we expect an extension to fib 2.618 - the goal will be 1.25$ in 24 hours
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congratulation. target is secured target was 1.25$. now it 1.4$
from here: it can reach for 1.5$ to 1.6$ that the max i can see then it will cool down, that what i can see happy hunting. safe trading
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i will do another analysis for GMT later to see where we going and what the next targets
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