Gann Boxes made easy with Bonfire
Use default Gann Fibonacci ratio and tick angles.
Align Driving Line with top and bottom wedges of the Gann Box.
Start Gann Box at a top/bottom fractal and align opposite edge with high/low.
Look for box alignment on 3 places with either the Driving Line or the Safety Net
Clone for future forecast
NPXSETH / Pundi Ethereum / Daily Chart / Technical Analaysis
Formation:Tripple Bottom + Divergence
Risk Management: Fixed Lot Size
Wish you many pips
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
You can see the levels here, i've kept them sensible, but seeing the size of the buys recently on Npxs this could go much further. Potentially this move is just the start and is comparable to the movement in the yellow box. I've been using Cryptoping app since contributing to the Ico over 2 years ago, on Friday it signalled the biggest buy I have ever seen by...
Yu know the drill by now,,, right?
Reason for trade: Double Bottom + EW Count + Great R/R/R
GREEN = BUY Zones (1-2 BUY Orders)
BLUE = Liquidity Zone ( 1 Large Order)
RED = Place Stop Loss Below
1. 20 and 50 MA crossover repetition and based on the previous trend, it is likely to be bearish.
2. The bigger circle pattern seems repetitive as well and if it true, it is most likely going to form the double bottom. The previous low was at 266 sats (3.168 fib level) and we are at 400 sats, currently.
3. In continuation of the previous step, the last time, it...