The exchange rate builds on the second pulse wave structure. If the assumption is correct, the built-in wave structure target price is 6377 usd. 22% increase from the current level.
Apart from news, maybe the market being driven further by the thought that the market is could peak next month i.e. the 1 ; 2 in my chart. NOT ADVICE. DYOR
Felix000
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Cool. Already hit on BITFINEXT. Your nearly there!
Here's my most recent take. 7 Month MA looks interesting. Will we see top out next month like previous examples i.e. 1 ; 2 , or, before? NOT ADVICE. DYOR.
Ronnie_Dong
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Captain_Walker
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But there is a visible cup with no handle as I pointed out before.
So if I was trading this I'd be pretty cautious. The problem is finding the rim of the cup. Also cups and handles don't have to form. I'm staying out. No FOMO for me.
Felix000
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I like the Captain's comment. Also, a fourth green candle in May not impossible. NOT ADVICE. DYOR. That BITFINEX scandal gave my yellow box signals double whipsaw - decided not to publish them anymore. I may review at a later date. Below chart is from one of my latest posts. Just to show four green candles have happened before when breaking skyward from a low
meszaros
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@Felix000, Your analysis is very innovative. It is logical and understandable. I agree with you.
Captain_Walker
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I agree. In an alternative methodology I see daily time frame trend strength for the north!
Felix000
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I liked your comment. You may like my chart showing also a fourth green monthly candle in May not impossible @Captain_Walker,
meszaros
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@Felix000, I also like Captain Walker's analysis. Very professional. It does one of the best analysis of Tradingview. It's always up to date with news, and its comments are sophisticated and extremely stylish.