We are in a retest after the double bottom break. A pullback may continue until 0.618 of this movement, but then I expect it to start an upward movement. This is not investment advice.
there is a quality harmonic shark. I am waiting for the ote area in the shark region, it will be a swing transaction. my posts are not investment advice.
There is a quality long harmonic shark formation. Please do your own research, my posts are not investment advice.
Ltc/usdt broke the logarithmic downtrend and retested the trend line. It is currently in an all-time strong support-resistance area. With the volume break of this area and then a retest of this area, we can now see a strong rise. Ltc is currently a sleeping giant.
AVAX/USDT- update- the time to be careful is approaching for a bearish harmonic shark formation The price continues to rise towards the channel middle band in the high time frame and this region intersects with the reversal region of the shark harmonic formation. In this case, the price is now gradually moving away from the 5-0 long direction region between...
I had planned to enter the trade with a strong breakout and then a retest. Such a strong breakout is a positive indicator for a long trade to be taken. Now it's time to wait for the price to reach the breakout area. If this trade is stopped, I can plan a second long trade from the fibbonacci 0.618 region of the last wave with the 2-618 formation.
If the price comes around the blue box, I will start setting up a long trade. For this, I will look for confirmation with oversold and positive divergences in RSI on various time frames.
a bit risky but since it was clearly formed in the last waves, I want to try it with 0.5 R
I mentioned the possibility of a bullish cypher in the long term, but before that, the price may show an upward movement again with a 5-0 in the smaller time frame.
price may start an increase from a region around 134.675. In cypher formation, the increase may be voluminous and sharp.
A strong rise can be expected if the price is observed between 0.64155 and 0.6207, especially in the lower timeframes, negative divergence and the RSI reaches the oversold region.
In the first case, Avax follows the green path, makes a correction to around 30-32 with the harmonic 5-0 formation and then rises sharply, in the other case (which I do not want at all) the price rises to somewhere between 59-71 and falls sharply with the harmonic shark formation.
As a confirmation of a shark formation formed on the daily, another shark formation is formed on the lower time frame. There is also a negative divergence in many time frames.