Short
Stratis (STRAT) - Short Position [Short]
INTERPRETATION
$BINANCE:STRATBTC Possible beginning of Elliott Impulse Wave 1. If price can breakout of red bear cloud, consider entry. Upcoming green cloud provides confidence in entry.
Note: Long-term analysis will not be done. Entry into this position is for high-risk investors who plan to monitor closely for an exit position.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud entry
-upcoming green cloud (buy pressure)
CAUTIONS & CONFIRMATIONS
-Price-Cloud bullish breakout (strong consideration for entry into position)
-Fibonacci resistance up-cross
POSITIONS
entry @ ~10100
$BINANCE:STRATBTC Possible beginning of Elliott Impulse Wave 1. If price can breakout of red bear cloud, consider entry. Upcoming green cloud provides confidence in entry.
Note: Long-term analysis will not be done. Entry into this position is for high-risk investors who plan to monitor closely for an exit position.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud entry
-upcoming green cloud (buy pressure)
CAUTIONS & CONFIRMATIONS
-Price-Cloud bullish breakout (strong consideration for entry into position)
-Fibonacci resistance up-cross
POSITIONS
entry @ ~10100
Note
INTERPRETATIONWith more information, a better predicted extrapolation can be done. With the assumption that Wave 1 completion @ 1039, we can forecast the completion of Wave 2 using Fibonacci retracement to be at 0.5 Fib @ ~900 or 0.618 Fib @ ~870. Following Wave 2 completion, a bullish Wave 3 can be expected.
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.
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.