About meI am a Software Engineer and interested in financial markets. My specialty is Technical and Trend Analysis, Elliott wave detection, Chart and, Harmonic patterns.
Pirooz is a Farsi (Persian) word meaning Victorious.
You see the 1INCH symbol wave count. According to the wave count, you can see that this symbol is in its second cycle. In the second cycle, wave 1 is completed and wave 2 is being completed.
Approximately three out of four waves 2 correct between 38 and 62% of wave 1, and at most one in six waves 2 corrects more than 62% of wave 1. 1INCH is of the...
1- Weekly time frame.
2- The start date of the wave count is from the 10th of December 2018.
3- The ascending trend line (blue line) is broken downwards by the candlestick that I have marked with a yellow arrow.
4- Is wave 5 complete?
According to the teachings of Bill Williams in Trading Chaos, I did the following to determine the purpose of the 5th...
Point of entry: Current candlestick
Profit and Stop Loss:
Cautious: Close the 4-hour candle below the red line of the Alligator indicator
Definitive: 4-hour candle closure below the blue line of the Alligator indicator or below the yellow line with the label Definitive Stop Loss
Targets: Different levels of Fibonacci drawn on the analysis image
In this analysis, I used the Alligator strategy to get a buy position. In this analyze I've used Fractal and Alligator Indicators and Awesome Oscillator in the same time. Please attention to the Stop Loss price.
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If the today and next day candles are closed above the white line, get a buy position. Targets are calculated non-logarithmically (yellow fibo levels) and logarithmically (blue levels).
If you enter, be sure to set a stop-loss for yourself.
Exit from the edge of the cup chart pattern. Goals were identified. Note that there are 15 hours left until the candle closes. If two-thirds of the candle is closed above this edge, one step and the second step after the possible pullback.
DASHUSDT is located on the bottom of the channel in a 4-hour time frame and on the $ 200 support zone. The level of Stop-Loss can be occurred in the Channel floor and crossing the support area downwards. I also set goals in the two targets.
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