Hey guys, DEXE/ BUSD is in a bullish dynamic in a descending triangle with higher and higher lows and a strong decrease in the volume of trade but we notice a strong volume passed in the structure. The RSI is above 50.00, which corresponds to a craze on the stock in this underbought area, so market demand is strong. And a slightly above zero MACD is very likely for the triangle to break on the last low if the bears do not come back on the market supply.
We have an optimal entry point in (E) on the ELLIOTT wave as confirmation for a new return of smart money. With related resistance at point (B) for a retracement after coming on the last down leg. See how the price reacts on this zone of resiatance in order to decrease the risk and reduce the exposure on short term positions for long terms. After that, check the sentiment of the future market for this third quarter. All of this is available for free, please give me a hand if you like this job.
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We have an optimal entry point in (E) on the ELLIOTT wave as confirmation for a new return of smart money. With related resistance at point (B) for a retracement after coming on the last down leg. See how the price reacts on this zone of resiatance in order to decrease the risk and reduce the exposure on short term positions for long terms. After that, check the sentiment of the future market for this third quarter. All of this is available for free, please give me a hand if you like this job.
Please like and follow, thank you!