anders_21

$SQR Long Using Elliot Wave Theory - 1D

Long
BYBIT:SQRUSDT   SQRUSDT SPOT
The ABC down stopped just short of the 1:1 at 0.38840 and is now forming an ABC up. The 1:1 of the ABC up gives us a target of 0.69729. The SRSI has moved out of Oversold but still has room to move up and so a TP target at the 1:1 seems a reasonable expectation. A SL should be placed at the start of the ABC up at 0.41096.

TP - 0.69729
SL - 0.41096
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.