It is only for education or little play and it is to crazy to give prediction for 4 steeps but in my mind is also possible. So lets try to make this trades now all with SL and Tp
Sl are red lines and we have targets for all positions!
-First buy is (we are in triangle now) when hit the lower line of triangle,sl is under that line not too close ,Tp is TP1
We can see formation of 5 wave and also we can see the correction is on the way already!Our target is at some of the fibo levels in first hand we can take fibo 61,8 for our first target but wee will see later!
Definitely we can say it is a very nice cycle of 5 wave up to our target 2!
Our target 2 was around 2.618 fibo extension and we have reach it now and also cycle looks complete so correction can start now!
Sure always can go higher and lower ,and fifth wave can have extensions but i think this is it!
our previous analysis was...
We have a nice triangle but also can happen like with BTC
So we have two targets for near future now!Setups for Sl and TP by standard way (risk reward ration should be minimum 1:2,money management 2.5% max)
In this case theres a few things we can misunderstood because last 5 wave is ambiguous and we can count two different way now .
1.We have nice five wave and it was trend reversal,target of our five wave is almost reached and after correction we can expect a bigger upside movement !
2.It was only ABC correction and we will have one more drop down under 80...
Our previous mention was ADA BTC
and we have a first sign of upside move so it is time to we take a look for ADA now!
Our Target in this case is level of previous Low ,Fibo 61,8 and Fibo extension 1.0 it is a very strong level!
I have a different scenarios in head :
- The reversal...
We have 3 reasons now to believe our next target is upside and not downside after we hit our low target at 107-108 area!
ETH USDT is in falling wedge pattern and also usually have at last two waves in wedge stop grabbers before have a real breakout from wedge!
ETH USDT not only in wedge but also in ABC correction and fibo 61,8 level is often after first wave or in...