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JackLynch
Aug 31, 2021 2:19 AM

Attempt at Wyckoff Accumulation Chart Long

Description

Price Target 140$

I am admittedly amateur at best
Comments
EMA34TRADER
I hope you are right or even 50% correct... that would do me nicely! I think Nano has potential to hit an ATH... I can see min $40 peak and this is a great coin for long term hold as well.
JackLynch
@zabaroptik,

The line above the AR can be ignored...I wanted a second resistance line so I added one more/less arbitrarily..I believe that textbook Wyckoff requires a rally above the AR to set that line properly

The drawing at the end is an attempt at a scaled version of what that pattern from ~December 15, 2020 to ~January 9, 2021 looks like

For the price target I used a trend based fib extension- the 1.0 line lined up quite well by chance with my loose scaled drawing so I rolled with that...The 1.618 line was right around $6000 (log scale)- If I'm wrong on my target, I suppose I'll accept it hitting that line instead:p I think I can live with that.
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