Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to the previous chart:
Chart changed from the 4h to the daily. Wave 1 top has been found and wave 2 bottom is in. We should be headed towards impulse wave (3).
Wave 3 target: 11.53
Money printer go brrrrrrrrrrrrrrrr
WILD Is at Major Support Area, I think it can bounce from there to reach the levels mentioned in the chart.
Wild is available on Kucoin exchange, Entry price : 1.2~1.35$
STOPLOSS: 1 Day Close Below 1.10$
NEVER USE MORE THAN 5% OF YOUR PORTFOLIO ON ANY TRADE.
Stoploss is always here to protect you, so don't Ignore it..
according to an Elliot wave ;
- WILD could have a leg up to the first target area (blue arrow) which is between the 0.5 & 0.618 fib levels of the Elliot wave A length
- or WILD could retrace (orange arrow) to the black line which is the 1.618 fib level of the wave A and then bounce up
- the second target box is the top of the ichimoku cloud and because there has...
- falling wedge
- moving to a bullish RSI
- gap getting bigger between the conversion line and the base line
- last time the gap was getting bigger there was a 2.5% retracement
- that would take us to around $2.51
- large gap between the conversion line and base line
- not a huge mount of volume
- bearish RSI
- double bottom could have a small leg up
- the fib level the price is around right now has been holding strong
Hello friends ,
My predictions may not have worked as well as you thought, but I think if the profit margin is more than three times the loss limit, it is worth a try.
So I will continue with the new analysis.
wild is from the metaverse category and looks like a good project. Many exchanges added this crypto to their list.
It has no technical resistance. Buy wild...