TRACUSD or Origintrail has topped out 3 times in a row at the 4.236 Fibonacci extension.
Assuming the bottom is in at $0.185, the next target will be around $14.35.
The TRACBTC pair also looks bullish with what looks like a variation of a cup and handle
forming amongst some other patterns. Will post that chart soon.
Long Term is still bullish
Buy when bullish candle on H4 appeared
Divergence might happen when its reached wave 5
*money management required
*my perception
*compare it with your own analysis
Evening Traders,
Today’s Analysis – SILVER – an impulse move back into its range from oversold conditions, breaking resistance will likely test the 2.618 Fibonacci Extension.
Points to consider,
- Range trading between macro levels
- Fibonacci Extension levels being respected
- Major structural resistance level to breach
- RSI in overbought
SILVER is back...
