$PTPI: SI 25% |BC 150%
SYMMETRICAL TRIANGLE
Petros Pharmaceuticals, Inc., a pharmaceutical company, focuses on men's health therapeutics. The company engages in the commercialization and development of Stendra, an approved PDE-5 inhibitor prescription medication for the treatment of erectile dysfunction (ED). It also develops and commercializes H100, a patented...
Dear friends, why did I open a long position now?
We are near the important level 31500 - the contraction of the volume to the upper border of the triangle.
The Bollinger indicator indicates a buy.
Also, daily goals for my bot are the boundaries: 27500-28800
And the top is 33500 -34800
I may be wrong, but I expect to see the price at the top.
But do not forget...
Hello everyone.
A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.
Coming back to the chart:
ETH in this daily chart looks prime.
200 MA acting as a strong resistance at the moment. We need to break this resistance.
RSI seems overbought in daily. I’ve plotted the...
Those are the resistance areas formed by Fibonacci retracement, psychological prices, pivot points on large TF's and ichimoku lines.
While bearish on the short term, there is a bullish on the long term bias, expecting a future break to higher (out of chart) prices after going to 9,200$ (the lower part of the triangle.
8,500$ would invalidate the hypothesis and...
Then up for 3 down for & up for 5
targets marked -green boxes
Wave c/2 could still drop to the .618 fib as noted in previous chart but Beetcoin hasn't been listening to me so something to still consider
but it looks like it wants to test that upper triangle TL on Wave 3 which happens to be at the 1:1 fib ext
