DOT recenlty broke a triangulation and a channel showing a strong BULLISH momentum, reflected on Elliott Wave Osc.
With good volume we can expect that to be a 3th wave of a bullish cycle.
SL will be under 0.618 of the minor cycle, taking in count that it can be the 4th wave of that minor cycle probably it will not touch this. 5th wave of the same have 1 FIB obj...
Price reacted to EMA 20, and LINK is on a 5TH wave, a bullish move in major TF.
If daily candle close over tops channel TL it have a 38% TARGET on 50% FIB of the major movement.
Not recommendation, my view.
Link was made a triangle of 189 days approx on the 4TH Wave, the ATH and start of the Triangle match with 100% Fib Level of 1-2 waves.
Stoch RSI is going up with increased Volume and Momentum on Elliot Wave Oscillator.
Now these are the objectives using a Fib Extension of 3-4 waves.
Every tick is taken as a TP.
SL is on the lowest part of the candle that...
Daily Stoch: On Bottom, Blue Stoch stopping the fall.
Weekly Stoch: 3 weeks ago made a buy signal, still bullish.
Daily Elliott Oscillator: Slowly decreasing bullish momentum.
Weekly Elliott Oscillator: Creasing bullish momentum.
Considering that we have a strong bullish momentum on weekly chart and a weaker one on daily chart, this triangle seems to be of...
Stoch: Slowly K is getting higher possibly to start a new cross up to D
Elliott Oscillator: Bullish Momentum
If the triangle executes a Bearish move then will be off of the operation and waiting to next bullish move.
This is my View, not a recommendation.
Stoch: Crossing up
Elliott Oscillator: Bullish momentum
I put Target there to take gains and secure profit, but if it continues then will open different operations looking next targets at other FIB levels.
That's not a recommendation only my view.
Price was on channel bottom the last 6 days.
Now Stoch is crossing up giving a buy signal
Elliott Oscillator made a higher number than last day indicating Bullish Momentum is going powerful.
That's not a recommendation of buy, i'm showing how i operate this active if you agree with my vision leave your like!