🔮 Daily and 4 Hour .
🔮 Pattern (corrective) occurring after a run up (impulsive) which broke above CRTICIAL .
🔮 Broken above Resistance and now testing it as Support to confirm uptrend.
🔮 Pattern Completion occurring at the CRITICAL SUPPORT which once broke as resistance.
🔮 Daily Hidden Divergence forming along with further confluence on the 4hour with potential Hidden and classic divergence.
🔮 4 hour & 1 hour forming potential at reversal zone. The alternate to the here is that it’s turning into a 5 wave , very slightly lower than the position, yet exactly at our final destination, being the D point of our . 3 touches on the , high probability of a breakout of the imminent.
🔮 Looking for movement and breaks of structure to confirm momentum and resumption. Want movement with a break of the previous lower high on the 4 hour for added confirmation along with a break above the blue downward sloping supply line for even further confirmation.
These movements will turn the oscillators positive as momentum kicks in and takes this market higher.
🔮 Completion - Price now bouncing up with price action. Price has broken back ABOVE the CRITICAL .
Entry: At Market (non-leveraged) currently $1.9840
Take profit 1: $18
Take Profit 2: $44
Longer term holds in confluence with the MACRO market of the Crypto Currency boom. Macro Analysis may come in the future when i get more time.
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A double bottom confirmation and turn.
The correction could end at this current position. If price turns here, this signals strength in the bulls by buying at this higher price rather than the major double bottom of the second POTENTIAL harmonic pattern completion level.
Interested to know what your strategy/game plan is on this Bullish Crypto boom and what your thoughts are. Are you going to position trade, or swing?