Get your Guns, Its *ALMOST Turkey Shootin' Season
Hello to anyone who might be reading this! Going to be writing more of these as a personal practice and reference so that I can become a more thoughtful trader of coins. If this gives you a thought, great! But this is not investing advice
We have various buy signals on a dipping Ethereum. Let us remind ourselves that there are MANY other ERC-20 coins that have promise (ex: 0x, REP, OMG) and all of them still depend on the success of ETH which gives ETH validation that it is going nowhere for some time.
With that being said then, where's the lowest price we can get into this damn thing?
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TECHNICALS
-RSI downward trend just breached the lower margin
-Stochastic just breached the lower margin twice forming a "w"
-"Natural" ABCD fall is currently setup perfectly for the first and second Elliott Wave
-"Fibinoci Rebuy Zone" of 61.8% to 78.6% resistances
ICHIMOKU's
-Chikou (Lagging span) just crossed the Tenkan-sen (Blue) and the Kijun-sen (Red) but had a sharp spike up so keep your eye on this to see if it follows upwards with the Kijun-en.
-Price action is finding resistance on the lower margin of the the ichimoku cloud on Span B.
Note:
Most likely to continue downward as BTCUSD also takes a last correction dip before heading to 3rd Elliott Wave. According to a few other posts, this exact day might be on the "6th" due to historical patterns.
Buy: Below 520
Sell Half for profit: 900
We have various buy signals on a dipping Ethereum. Let us remind ourselves that there are MANY other ERC-20 coins that have promise (ex: 0x, REP, OMG) and all of them still depend on the success of ETH which gives ETH validation that it is going nowhere for some time.
With that being said then, where's the lowest price we can get into this damn thing?
*****************
TECHNICALS
-RSI downward trend just breached the lower margin
-Stochastic just breached the lower margin twice forming a "w"
-"Natural" ABCD fall is currently setup perfectly for the first and second Elliott Wave
-"Fibinoci Rebuy Zone" of 61.8% to 78.6% resistances
ICHIMOKU's
-Chikou (Lagging span) just crossed the Tenkan-sen (Blue) and the Kijun-sen (Red) but had a sharp spike up so keep your eye on this to see if it follows upwards with the Kijun-en.
-Price action is finding resistance on the lower margin of the the ichimoku cloud on Span B.
Note:
Most likely to continue downward as BTCUSD also takes a last correction dip before heading to 3rd Elliott Wave. According to a few other posts, this exact day might be on the "6th" due to historical patterns.
Buy: Below 520
Sell Half for profit: 900
Comment:
Leave a like if you this was helpful and I should keep making these public rather than private!