I'm new to technical analysis and am putting this out there for critique, tips, and to see how accurate I am.
I have made an attempt to utilize Elliot Waves, Fibonacci Retracements and Extentions, along with resistance lines.
Make sure to enter in the target zone of Fibonacci Retracement 50 to 61.8% (price targets shown on chart).
The first target is previous resistance for 145% profit, and the second is 155% at Fibonacci Extension of 1.618 (price targets shown on chart).
I have made an attempt to utilize Elliot Waves, Fibonacci Retracements and Extentions, along with resistance lines.
Make sure to enter in the target zone of Fibonacci Retracement 50 to 61.8% (price targets shown on chart).
The first target is previous resistance for 145% profit, and the second is 155% at Fibonacci Extension of 1.618 (price targets shown on chart).
Comment:
Due to the crypto market tanking today, this is likely no longer valid.