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rajista
May 31, 2018 12:18 PM

#WPR update: Impulsive sequence, Targeting cloud #crypto 

Description

WPR has strated a impulsive wave sequence
Wave 1 made a swing high of 1221 sats

Currently we are in the Wave 2 and we are seeing RSI Divergence in 1H

20DMA & 23.6fib level support for WPR are at 1162sats

There is strong resistance level in 1D t-f:1162 sats, which needs to be broken with confirmation for Wave 3 Target to be valid around 1400 sats

In 4H t-f price has crossed above the cloud, TS & KS
also there is bullish TS-KS crossover indicating momentum is good.
Support is present at 100SMA: 1144 sats
Resistance at 200SMA: 1326 sats



In 1D t-f price has crossed the TS and looking to target KS at 1300sats
Once price breaks above both KS and TS it will give bullish signal and #wpr will look to Target Wave 3 & 5 around the cloud resistance region.



Two possible counts for Wave 2
Wave 2:1100-1110 around the 38.2fib retrace
or
Wave 2:1050-1060 around the 61.8fib retrace and 50,100&200 1H SMA's

Wave 3 Target: 1400-1420 sats around the 50fib & 50DMA resistance levels
Wave 3 taking as 1.27fib ext of wave 1

Wave 5 Target: 1500-1520 sats around the 61.8fib resistance level
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