Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the AUTO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
First of all, I want you to take a look at the volume indicator. As you can see, we have huge bullish volume!
On the daily chart, there is a descending parallel channel that has been destroyed by the bulls recently.
Also, there is a local symmetrical triangle that looks like it is also breaking out, so we have a double breakout, which is nice to see!
Impulse...
First of all I want you to take a look at the volume indicator - we have an elevated volume and massive buying pressure!
On the daily chart we can clearly see a massive descending channel and the price is very close to so a breakout.
Also we have a symmetrical triangle + 200 daily moving average, likewise very close to a breakout!
Impulse Elliott Wave has...
- On the daily chart we can clearly spot a descending channel , which is very close to a bullish breakout!
- If you take a look at volume , we have a massive bullish volume spikes - always good to see.
- 200 weekly MA is actually acting as a resistance, but if the channel breaks up, then the MA will too!
- Due to my Elliott Wave analysis - 12345 Impulse wave...
- We have a huge falling wedge on the daily chart, which can lead to a massive breakout!
- Also we can see a bullish rectangle pattern currently forming on the chart.
- You can buy breakout above the rectangle + wedge trendline (above 550 USDT).
- Due to my Elliott Wave count, we have a completed Impulse wave (1-2-3-4-5).
Hi everyone, autofarm RSI is warm and good upside and momentum is increasing also money flow gradually come in. Market cap increased well in the last month... All the stars seems to be aligned for a breakout to at least 2228$. Everything look in place for AUTOUSDT . Here are potential Wave 3 targets for AUTO if he can exit this Rising Channel :
Exits :
161.8%...
