SFP/BTC 4hrs chart looks like it's trying to holding this support. if fail to hold it ... it will go down to 2nd support but most probably it will bounce from this support. and if breakout from this triangle it will go 1x up from here easily.
This idea is a topical continuation of the "Adam and Eve" reversal pattern work out.
We described detailed conditions for model work out in the previous idea , which has been working for almost a month.
Today we update the information by levels:
- the first fall target - $25
- the second fall target - $22.5.
Cancellation of the entire model work out, if...
As I get use to setting up trading view, just be patient and any constructive advice is welcomed. As some exciting developments happened for BNB/USDT. We will look how to prepare next. If you want to look at my previous article on the chart, check out the profile.
What did I do:
• Drew horizontal rays for resistances/supports
• Drew Fibonacci...
Hey everyone, first of all please ensure safety of you and your family from Covid-19.
Follow the measures taken by the Govt.
So now straight to the point. In this analysis i used Fibo levels for target as well as for StopLoss and WRX is generating high volumes which is good.
This setup offers us 1:2 Risk to Reward ratio.
If this idea seems good or matched your...
Close above 389 sats is green light for me
1R risk max cuz if btc continues to correct itself, this idea probably will be invalid,
If the breakout happens I'll take profit 2 times according to PA and let the rest run.
All of our indicators are referring to buy this coin and I think it's very close to making a good pump, it just needs more volume to fly and not affected by BTC movement.
I think the normal price for it is 0.00008 sat but that's not mean the pump will go to this price but I am talking about the long term of movement.
DISCLAIMER :- This is not a financial advice.
Buy ARNETH right now,
Place stop loss at 0.00127187
and take profit at 0.00143676
or at whichever price you like. :)
Remember, always risk 1% of your capital.
If you have any questions/doubts, feel free to comment below.
Happy Trading. :)