In this chart, Dent seems to be printing its previous pattern it followed in wave 1 (White). If it goes exactly as expected then the bottom should be in by tuesday which was when the previous pattern in the ellipse bottomed out as well, and the Stochastic RSI seems to be following the exact same pattern. Should tuesday be the bottom, the next weekend after that should be when we reach our target which was also when the pattern in the ellipse reached its top for that move. But there is a possibility we dip to 0.0048 levels, hence the second long tool.
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BTC (BEP20): 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 ETH (BEP20): 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 USDT (BEP20): 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694
Thanks a lot for your analysis. I got in at .0063 last week and been worried lately. Is the target $0.0087 which we might hit on the coming weekend? Really appreciate your help.
umaire6566
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@tahmidshahid, my entry is at 0.0058 now its too down 😭😢
RektMyMom
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honestly think we might nuke first though. the bearish divergence on Bitcoin 4h chart makes me worried, but waiting till tuesday daily close before opening a trade
tahmidshahid
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@RektMyMom, Got it. Please keep us updated after daily close today. Thanks :))
RektMyMom
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@tahmidshahid but yes 0.0087 will be my first target