Sometimes is just good to sit back and look at what happened before, and look for the bigger picture
This WEEKLY CHART is very straightforward (stuff you learn when start trading)
We can see this clearly as a Day, this pair is on a BULL market. The question is how HIGH ???
Let's get to the Point
As you can see, we have 2 previous correction breaks and a massive take off
The first one gave us around 8405% Gains in about 70 Days (We had a break-out from TRIANGLE/WEDGE that stuck for 1071 Days)
The second one gave us around 780% Gains in about 140 Days (But no break-out TRIANGLE/WEDGE)
WHAT WE HAVE NOW ?
We will test the top of TRIANGLE/WEDGE that we have been stuck for around 2261 Days (DOUBLE THE AMOUNT AS THE FIRST BREAK-OUT WHICH GAVE US 8405%)
We either break it or decline, @ the moment I have TP @ 1.85 and 3.35.
But if we break this WEDGE and do the same moves as we did (most likely will be DOUBLE AS WE DONE PREVIOUSLY) hence 39$ if we do around 8405% Gains
Like I have said so many time about this pair, is one to watch van have so much power UP WARDS
I hope I make a bit of sense, I'm not a good righter lol
GOOD LUCK EVERY ONE
HAPPY TRADING
This WEEKLY CHART is very straightforward (stuff you learn when start trading)
We can see this clearly as a Day, this pair is on a BULL market. The question is how HIGH ???
Let's get to the Point
As you can see, we have 2 previous correction breaks and a massive take off
The first one gave us around 8405% Gains in about 70 Days (We had a break-out from TRIANGLE/WEDGE that stuck for 1071 Days)
The second one gave us around 780% Gains in about 140 Days (But no break-out TRIANGLE/WEDGE)
WHAT WE HAVE NOW ?
We will test the top of TRIANGLE/WEDGE that we have been stuck for around 2261 Days (DOUBLE THE AMOUNT AS THE FIRST BREAK-OUT WHICH GAVE US 8405%)
We either break it or decline, @ the moment I have TP @ 1.85 and 3.35.
But if we break this WEDGE and do the same moves as we did (most likely will be DOUBLE AS WE DONE PREVIOUSLY) hence 39$ if we do around 8405% Gains
Like I have said so many time about this pair, is one to watch van have so much power UP WARDS
I hope I make a bit of sense, I'm not a good righter lol
GOOD LUCK EVERY ONE
HAPPY TRADING
Note
I will look for BUYING VOLUME this September with help of DAILY PRICE ACTION. If I get those 2 together, i will look for long term buy
Target
TP1 0.9
TP2 1.5
TP3 3.3
TP4 5
TP5 16
TP6 39 (BROTHER CAN DREAM LOL)
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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.