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ahmadsaad83
Apr 3, 2024 2:43 PM

MDTUSDT long Spot Trade Long

MDT / TetherUSBinance

Description

MDTUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: Zizag
Position: Wave (c) of (x)
Direction: Wave (c) of (x) is still in play
Details: Wave (x) is still in play which I expected to be end around 0.080-0.068 forming a running flat, which will be my entry point.
Next Direction: Wave (y)
Targets: the area between 0.16-0.17 with 100-125% profit.
if it break the last high at 0.17888 then take a look on the Alt version bellow.
Wave Cancel invalid level: Daily closing below 0.045 with 40% loss, big loss so think a lot before you enter this trade.


ALT:


Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.

Trade active

we reached our entry points , but I think the correction is not finished yet, dow you will find the next entry points.

Invalidation Point is invalidate



Comment

change entry point to 0.051 - 0.046

Comment

keep your eyes on BTC if we drop down again then our entry point will be 0.038 - 0.033
Comments
ata_bp
please update again
ahmadsaad83
@ata_bp nothing new here it reached the first entry point and will going to the second one
ahmadsaad83
@ata_bp, check the update in the comments
ata_bp
kheili mamnunm
ata_bp
hi are you sure the enter point 0.05 ??
ahmadsaad83
@ata_bp, keep your eyes on BTC if we drop down again then our entry point will be 0.038 - 0.033

If BTC.D pressure continues, we may not reach the targets in the next rise, unless BTC reaches numbers above 90-100 thousand, and I do not think so.

I think the Altcoin scenario will look like the following figure, but it is not a final analysis

I am currently tracking Bitcoin to see what analysis is most likely to occur, I will update later

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