WAVES have couple patterns playing and we need to see which one will play although we're inclined for continuation of uptrend.
There's a big symmetrical triangle which is main one and we did ABCDE completion inside, now we should have a leg up to 13278 SATS (not so fast)!
This symmetrical triangle is crossing with a descending triangle thus we need to be careful here... break below 69nn would play descending triangle and be awful.
To complement the symmetrical triangle there's an ascending triangle smaller than those two previous patterns that should go to top for test of 0.618 and retrace making E of ABCDE on ascending triangle.
A break up above 0.618 (which is in fact 0.38 - my fib not upside down, I want to show -0.236 target at 13278 SATS), will be confirmation of symmetrical and ascending triangle that will lead up to targets depending on market conditions aka BTC.
Breaking the symmetrical triangle which has completed ABCDE will lead us to resistance of 0.618 and most probable retrace to test bottom of ascending triangle, which will also be the conclusion of ABCDE of ascending triangle and we're bound to break up! :)
Depending on your entry:
TP: 8900 - 9507 - 10666 - 12090 - 13278
There's a big symmetrical triangle which is main one and we did ABCDE completion inside, now we should have a leg up to 13278 SATS (not so fast)!
This symmetrical triangle is crossing with a descending triangle thus we need to be careful here... break below 69nn would play descending triangle and be awful.
To complement the symmetrical triangle there's an ascending triangle smaller than those two previous patterns that should go to top for test of 0.618 and retrace making E of ABCDE on ascending triangle.
A break up above 0.618 (which is in fact 0.38 - my fib not upside down, I want to show -0.236 target at 13278 SATS), will be confirmation of symmetrical and ascending triangle that will lead up to targets depending on market conditions aka BTC.
Breaking the symmetrical triangle which has completed ABCDE will lead us to resistance of 0.618 and most probable retrace to test bottom of ascending triangle, which will also be the conclusion of ABCDE of ascending triangle and we're bound to break up! :)
Depending on your entry:
TP: 8900 - 9507 - 10666 - 12090 - 13278