Good luck with your trades!
Still looking good, looks like the cheapies are drying up down here, bullish divergence on the 15min chart, should start to see some upside soon
The fact we bounced off the top of that "accumulation box" I'd say thats pretty bullish. I wouldn't be surprised if we get one more leg down to a full 100% retrace on the initial run from the binance listing, either way, its important to ladder in the buys since we never know with 100% certainty where the bottom will be.
Buying in or at the top of the second box from bottom is safe, but I'd save some powder in case it drops to the lower box which would be the full 100% retrace and also the apex of the falling wedge.
So we finally broke out of that wedge, now just a think cloud to break through, and then the 23% fib retrace at 15k sats, from there on we should have some decent upward momentum for higher price targets! :)
trade going according to plan, nice green daily close w inverted hammer. After breaking out of that falling wedge we have a 5 elliot wave up and correction seems to be just about finished, can scale in additional dip buys at the smaller move 38 and 23% fib retraces listed at .00009239 and .00008306.
As far as profit targets, I am not taking any profit off the table until we hit the greater 23% fib at .00015, and even then I plan to rebuy the dip and accumulate more due to the coins strong fundamentals and partnerships in a relatively new and unique space.
Seems to have made a textbook 5 elliot wave up and I think we are currently about to finish the C wave of the ABC back down. I could see 8300 a good place to add on that 23% fib retracement.
So far looking like a nice healthy uptrend :)
Probably a good place to add to position here
I zoomed out and found a new larger falling wedge forming and we are currently trying to break out of that. Level at 7100 needs to hold otherwise we are still correcting and the greater elliot wave is invalidated. Wave 2 can not retrace greater than 100% of wave 1.
Once we break that res of the ends of the cup we should see a nice move up!
so the markets have been crazy lately, the cup and handle failed and the coin is now on a slow decline. I exited but have my eyes on this one for reentry.
The next safer areas to buy can be the 23% fib retracement at 7400 sats, or at break of downtrend with volume and a few closing candles to confirm breakout.
It is a bit risky to buy before a break of downtrend because you never know how much something can bleed. If the 23% retrace doesn't hold, we could see a further dip to a full retrace to ATLs following the binance listing.
Break of downtrend right by the thumbs up!
Little speedbump here at the next fib at 200EMA on 15 min but could see a big run if whales are loaded and BTC cooperates!
Also if this level holds we could be on the start of a larger elliot wave up as we have a 5 up abc down correction! This level needs to hold for us to continue up on a larger wave 3. The volume here to me shows that we could be starting some impulse waves up!
Really appreciate your work mate
wish u all the best always
Have a lovely day