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EW

AAVE / BTC 12hThis is not trading advise. Do your own research. I just like to draw lines and color. Watch for BTC moves to negate any bullish upside. First impulse had an extended 5th wave. Quite common in new assets of this caliber. It retraced back to the top of wave 2 which is classic text book Elliot Wave Theory. Reversed Directly on the .786 Pumped the .5 and retraced to the GP and is on its way again. RSI attacking, +DMI cross and with ADX support starting on lower TF. This one moves so its a break out play for me. This is not trading advise. Do your own research. I just like to draw lines and color.
by a_Sloth_named_Fibognocchi
Spring art, art of spring Furniture producer spring art, newly listed company since end of 2019. While newly listed means a new uncharted territory, Spring have so far shown a nice months of accumulation period between 175-255. There is a clear broadening triangle pattern depicting the accumulation process. Assuming 275 is the creek, i have made the PnF TP calculation PnF= 0.005x3x25 = 0.375 TP~~ 0.18 + 0.375 = 0.555 TP2~ 0.225+0.375 = 0.60 Ready for a markup phase, Spring has formed the Wave 1 EW. Wave 1 peak right at the resistance by Gann fan 1/1 and retrace at RBS line of the broadening triangle trend line. Do note that it has made a spring up till 0.5/0.618 Fibo retracement before resting at current 0.38fibo area. Using the informations we have made the Elliot wave projection up till potential TP. Given that this is uncharted territory with less historical data, it is good that it retrace and forming a strong significant support like it does now at Wave 2 EW before continue the remaining EW. All the lines in the chart is the immediate resistance/support areas. Volume profile wise, we cannot see a clear distribution in play yet. Plan this trade with tight loss given that below this support, the region 340-290 has a thin volume profile which mean, price will move fast in any direction within this region.
MYX:SPRINGLong
by tradebrewer