STRONG CONFLUENCE ON POPULOUS - POTENTIAL 120-165% PROFIT
Hey guys, as you can see we saw a sharp impulse on Populous which has been followed by a clear identifiable three wave correction. I consider the current price area to be the bottom of a potential wave (2) or B.
I do expect that we will see the start of a further bullish impulse soon, which will take out the previous high of wave (1) or A. The targets are shown on the chart. For me the chances seeing this happen are quite high - the other question is the when. We might either stay in the current range for a couple of range or even see the ascending diagonal trendline below being hit. But after that, I do not see much more potential downside, which gives us an incredible risk to reward ratio.
Safe trades!
Bud
I do expect that we will see the start of a further bullish impulse soon, which will take out the previous high of wave (1) or A. The targets are shown on the chart. For me the chances seeing this happen are quite high - the other question is the when. We might either stay in the current range for a couple of range or even see the ascending diagonal trendline below being hit. But after that, I do not see much more potential downside, which gives us an incredible risk to reward ratio.
Safe trades!
Bud
Comment:
Similar structure on PPT/BTC
Comment:
While the whole market is in the red, PPT/BTC just broke out and is up with +20%
Congrats & hold! :)
Congrats & hold! :)
Comment:
..as you can see on the PPT/USD chart, it is moving slightly lower than PPT/BTC. We might see a smaller ranger till we really skyrocket. I expect this trade to take at least 1 to two weeks to hit its target, so patience is key here
Comment:
Broadening wedge in play - a typical reversal formation. Might hit the ascending trendline a last time to complete wave (e) before skyrocketing.
Comment:
BROADENING BOTTOM NOT Broadening wedge. Sorry for the typo
Comment:
Wave E has been completed as expected and retested with price having built a double bottom afterwards. We just got a strong daily close and currently out of the Top 100 Cryptos, Populous is the 2nd best performing coin with +20% daily price increase! Expecting the rally to really kick off over the next days!
Comment:
Currently at the price level of the prior low. Can't be said with a 100% certainty if we will get to see a double bottom or a touch of the second ascending trendline shown above on the chart. Anyways, the downside potential I see for this one is at the current state very limited. Absolute worst case scenario would be seeing price entering the $13-12 region