ryancm

Waltcoin Long

Long
ryancm Updated   
BINANCE:WTCBTC   None
First idea, and fist set of TA skills applied so please leave your feedback, it'd be greatly appreciated!

Waltcoin is on the 4th leg of a 5 wave Elliot wave / cycle. It has good support from the EMA (50 days) and there is a support trend line which each wave has pushed up off. Few more days until it start going up again, maybe already?
Comment:
Entry: 00266
Final: 00440 (65%)
Stop: 00246 (7.5%)

May be smaller waves in the middle such as those seen in blue / numbers where sell-offs and re-buys can be increase profit.

Oh, and upward Legs A, C and E and downward Legs B and D were mapped using trendiness which I deleted because they crowded the graph. But A and C are almost identical.
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