this asset is trading very technically. i have it labeled us at the start of an ABC correction(in blue)
into a wave 2(in yellow). the retrace entry point for a long position would be at the .618 ($30) and .786 ($24) retracement ranges. with a potential target up at $75. right now we are at a point where starting to ladder into a short position would be the best play. the daily RSI is in overbought territory. waiting on the retrace could take a few months so alerts are very useful for that if your looking to go long. the fib fan shows a roadmap to $75 around the summer of 2020. if their are no elliot wave complex corrections on the way it should meet that timeframe.. it seems to be trading very technically so i have no reason to believe that any complex corrections will appear. a good strategy for a short position right now can take us down to $36. Taking profits on the short at $40 and $36 to minimize risk then wait for the .618 and .786 alerts to go off to ladder into a long position for an approximate 1.5yr hold for a possible 200% gain. always do another analysis before you enter any trade even with alerts set. TA is constantly changing and many factors can effect the outcome but the targets are there and im showing a potential roadmap here. good luck and happy trading :) please like and follow if you like my work.
i learned everything from watching tradedevil and philakone on youtube. Philakone has a $200 course that taught me a to z. ask about it on his steemit or youtube.
anothe
thanks for your time!!!
Rigo
into a wave 2(in yellow). the retrace entry point for a long position would be at the .618 ($30) and .786 ($24) retracement ranges. with a potential target up at $75. right now we are at a point where starting to ladder into a short position would be the best play. the daily RSI is in overbought territory. waiting on the retrace could take a few months so alerts are very useful for that if your looking to go long. the fib fan shows a roadmap to $75 around the summer of 2020. if their are no elliot wave complex corrections on the way it should meet that timeframe.. it seems to be trading very technically so i have no reason to believe that any complex corrections will appear. a good strategy for a short position right now can take us down to $36. Taking profits on the short at $40 and $36 to minimize risk then wait for the .618 and .786 alerts to go off to ladder into a long position for an approximate 1.5yr hold for a possible 200% gain. always do another analysis before you enter any trade even with alerts set. TA is constantly changing and many factors can effect the outcome but the targets are there and im showing a potential roadmap here. good luck and happy trading :) please like and follow if you like my work.
i learned everything from watching tradedevil and philakone on youtube. Philakone has a $200 course that taught me a to z. ask about it on his steemit or youtube.
anothe
thanks for your time!!!
Rigo