Hi everybody! This is going to be my first post here! hope you guys, help me improve my TA knowledge telling me if this charting makes sense to you or not, and why? To be honest, I am stalking XTZ for a while now (for some personal interest and hope in the future of this coin. Based on overlapped Fibonacci levels and the information we get from price action elements regarding arias of value as resistances and supports ,and also using awesome oscillator to count Elliot Waves, I expect some good trade opportunities In the next few days. To find the entry trigger, wait for the price strongly break and pass through 50MA. And for the exit trigger, wait for a strong reversal candle stick pattern at the arias of value. Always trade safe with the stop-loss in place.
God Bless you all!
Trade active
⋅
13% so far, from entering a long position according the analysis. I am expecting another 12 or 13 percent profit to close this trade.