NCASHBTC idea update
Updated
We have completed 5 waves and are in ABC correction.
It is very difficult to predict how long this correction may last and whether we would see a more downside movement.
So far every parametr on TA and fundamentals allow us to hope for a foreseeable 35% gain in near future.
Our buy zone sits between 0.618 and 0.7 fib area and our 1:1 extention sell target falls into a previouos resistance area.
Good luck!
***This is only for educational puposes and not a finantial advice.
It is very difficult to predict how long this correction may last and whether we would see a more downside movement.
So far every parametr on TA and fundamentals allow us to hope for a foreseeable 35% gain in near future.
Our buy zone sits between 0.618 and 0.7 fib area and our 1:1 extention sell target falls into a previouos resistance area.
Good luck!
***This is only for educational puposes and not a finantial advice.
Note
I am keeping my eye on 0.786 fib level and waiting to see how the price will interact with it. If we bounce off of that level we may expect some upward movement.
I would set my stop loss 5% below 0.786 level.
Note
Nice volume spike with breakout in our buy zone. Breakout about 0.618 fib will confirm an uptrend
Note
*breakout above 0.618Trade closed: target reached
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