This is a continuation of the previous post. Link below.
With a nice uptrend and a recent pullback that looks like a wedge or possibly channel, either way, it seems to be a bull flag.
ref.A.chart
I have the ABCDE count and point E is what we are looking for. Either way, if it breaks the horizontal level with a nice bullish candle or the slope of the WEDGE, buy in.
Or look for the bullish 8 hrly candle
All the Best,
S.SAri
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Might use the 12 HRLY chart rather than the 8 HRLY
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not comfortable with the current structure. Will work with the 8 hr or 12 hr chart trend as well.
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Almost there, slept through the bounce now looking for that entry.
Trade active
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I'm in after this candle
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touched one of those resistance lines,...I still think it will go higher
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It was going to plan until BTC rockets to 44k due to an announcement and puts many ALTS in a spin. I will reassess when things settle
Trade closed: target reached
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I did sell when BTC did that, near the top. Now I see a double top scenario, bearish divergence. After it plays out, then I might be interested in the bigger time frames. Nice uptrend at the macro level.
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my thoughts. Macro bullish structure taking place. If this horizontal level holds along with with 13/50 1 hrly ema not crossing over and other indictors as well, we will see another move like FTT or LUNA, etc