Analysis
REMEMBER TO TRADE THE BREAKOUT. Sell high and Buy low
1 - Trendline = Downtrend Lower Highs and Lower Lows
2 - Elliot Wave = We are in the 4th wave, headed to the 5th Wave before an ABC correction to the uptrend
3 - Fib trend-based extension tool - you can see that the elliot waves pullbacks always correct to the fib lines.
4 - Support and resistance allow for a brief retracement before wave 5
REMEMBER TO TRADE THE BREAKOUT. Sell high and Buy low
1 - Trendline = Downtrend Lower Highs and Lower Lows
2 - Elliot Wave = We are in the 4th wave, headed to the 5th Wave before an ABC correction to the uptrend
3 - Fib trend-based extension tool - you can see that the elliot waves pullbacks always correct to the fib lines.
4 - Support and resistance allow for a brief retracement before wave 5
Comment:
Descent active. Take profits at $120 and stand down until the retrace up
Trade active
Trade closed: target reached
Comment:
This was my first Crypto tech analysis. not bad for a start. hopefully consistent on the next ones
Awaiting the descent to wave 5