this was a tough one and pokestar2019 made me put in work tonight lol but my primary count seems like it has a lot of confluent factors.
the monthly macd is still bearish waiting on a cross to the upside
no monthly rsi divergence with price
we are trading below the weekly EMA ribbon
the stochastic rsi is crossing on the monthly but we can definitely hang low for a bit before we move higher
we got a massive volume candle on the monthly indicating a bottom is near and coming soon
I had to cut the video short because of the time restriction but we need to keep a close eye on current price action this month to reveal whether we are going to get 5 elliot waves down to break the last low in price.
my price target is around the $1 range because of the 3.618 extension on the fibonacci tool.also, the current price action has a potential wave 1 and wave 2 pivot that i was able to take the fibonacci extension tool to it and it lined up with the 3.618 extension showing an area of confluence around $1
If you are struggling with a chart and need some help i can do a free video analysis for you to help get you on the right track.just reach out. do not be afraid to ask for help. we are all learning here.
enjoy the video and thank you for your valuable time everyone!
all contributions go to my home church calvarypsl.com thank you
Rigo
the monthly macd is still bearish waiting on a cross to the upside
no monthly rsi divergence with price
we are trading below the weekly EMA ribbon
the stochastic rsi is crossing on the monthly but we can definitely hang low for a bit before we move higher
we got a massive volume candle on the monthly indicating a bottom is near and coming soon
I had to cut the video short because of the time restriction but we need to keep a close eye on current price action this month to reveal whether we are going to get 5 elliot waves down to break the last low in price.
my price target is around the $1 range because of the 3.618 extension on the fibonacci tool.also, the current price action has a potential wave 1 and wave 2 pivot that i was able to take the fibonacci extension tool to it and it lined up with the 3.618 extension showing an area of confluence around $1
If you are struggling with a chart and need some help i can do a free video analysis for you to help get you on the right track.just reach out. do not be afraid to ask for help. we are all learning here.
enjoy the video and thank you for your valuable time everyone!
all contributions go to my home church calvarypsl.com thank you
Rigo
Comment:
if your a bull your setup should be similar to this.entry would be the green box
