The entry point at approximately $0.36550 is in an area of inefficiency which has confluence with the 78.6% fib level and 80% Gann large volume candle on the H4 timeframe. This level is also at 50% of the inefficiency and there is potential for a harmonic shark pattern to develop. Be aware of the potential for price to dip to $0.29560 with harmonic Shark Pattern Development.
Trade active
Price action has moved the market to our entry point and harmonic pattern has played out.
Note
Note on the comment of "Be aware of the potential for price to dip to $0.29560." Price has wicked to $0.29828 thus far.Note
...maybe a potential spike to the $0.46 - $0.51 range during the Department of Justice announcement of the International Cryptocurrency Enforcement Action?Note
Continuing to progress toward the target. If you are in this trade and you aren't hodling, a move to SL is wise at this point.Trade active
Target Reached at $0.46 and approaching the next target at $0.51.
Note
Target at $0.51 reached. Next major upside target is $0.91.
Trade closed: target reached
Our upside target of $0.91 was reached! This trade analysis idea was established back in October, 2022. Patience Pays!
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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.