Please use proper margin. it is recommended to save profit and risk free the trade after hitting target 1 (TP1).
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The analysis has started with Bollinger Bands indicator, it was found that before each huge growth of this coin there is a contraction in BB channel, and now a similar contraction is forming. Moreover the price touched Fib 0.618 support level and started to bounce from it. Stoch RSI strengthen this idea. The strongest argument the coin is in bullish mood is that...
We know that price has gained some support however when drawing the fib levels and looking at the chart holistically it seems to be simply in a pullback and we could see a further decline possibly to 1.22522 and then 1.21496.
We are looking to enter this trade after there has been confirmation price has been rejected at any one of these Fibonacci levels,...
Uj has a double pattern finish. it has not touch the zone yet with the first pattern so I expect a huge sell off. I believe this will start a CD leg of another harmonic pattern.
If the Euro rallies this week up to 1.7000, I will swing sell it immediately. Supply zone near an extremely strong bearish daily trendline point AND it's the 0.786 point on the Fibonacci indicator.
Looking forwards to NFP day, but even more to Thursday where we will see some monster U.K based eco madness. Got to love the emotional build up to these days along with the volume levels!
Red marks my stop. Orange my entry. Green my limit level.
My analysis shows two curves, one historical, one projected.
Using several basic analysis techniques the chart also...
