I just made a trend line from the bottom of the beginning of the chart, then used the fib tool, but brought the dotted line on fib tool in alignment with the trendline (probably not normal way it is used but IDK), and kept extending it out until I reached the top of the price range tool I had already set up from the 2022 bottom candle to 416% higher (5.3 equation...
Building on the previous idea: First prediction was (almsot) spot on. Its beginning to settle around the 0.051 mark and will now probably go one of two ways... 1. Consolidation at .051( ish ) before steady increases are seen - Probably not quite as dramatically as my arrow, nut a potential long position available there, or... 2. Failure to consolidate at the...
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If this does not break the tendency line, this is a great opportunity to long this pair.
This pair has been on my radar for a while and I have also been in this trade with 2 positions from where my predictions starts. It is a slow Monday ATM for this chart but i am expecting a breakout of this pair to the downside as price broke resistance but has now falling back into place. This price action has taking longer than expected but still in...