Very good place for good risk-reward ratio buys! T2 is my favorite in this case!
We have Buy entry point now with SL at 0,00012 and TP at 0,00028 and nothing else for now!
It can go much higher but one bigger upside moves for sure in the near future!
Correction going a little deeper but still not reaching a backtest level so if we want to be edge players need to waiting just a little more!
Our previous targets are reached Correction is on the way! www.tradingview.com
XLM has big potential and in the near future market will give us a new entry point but be patience!
ADABTC is almost reaching the buy entry but I am waiting for a smaller drop down for BTCUSDT so if we add this in correlation than ADAUSD can go a little deeper than now before a significant upside move!
We have in offer now a good opportunity for short if we are Bitmex users! If this works then an opportunity for new buys will be soon in the offer!
If It goes out from triangle to down than minimal target is 61,8 Fibo from wave 3! If it goes up from the lower triangle line than the next target is the end of the wave 5!
The picture is more clear now and it is a big possibility for the selloff now!
The situation is not so clear but because BTC looks Short big possibility is LTC will follow BTC movements!
Our previous look was T1 reached and 1.618 sure still possible but T2 is a very strong area! Sure all depends on BTC and ETH price evolution also! If Eth explodes and Xrp late with upside price action than 1.618 extensions easy can happen!!
We have one impulsive wave to upside what can be the first sign of the trend reversal! Be with patience just more a little, the next buy opportunity will come soon and do not miss it but after that hold the positions a while! Wave 3 of the bigger count is coming!
One 5th wave to complete the cycle before a significant correction!
Last few days we have a nice price movement to the upside but the purple level is not reached in this moves and now we have a correction! Often when some important level is almost reached but correction occurs before touching that level then the next move can be a breakout of those level in one shot!!
It is only a question of time when it will explode! Remember RVN how it starts and where it is now!
I expect one wave more in the triangle before this price action to the upside happens but this last wave triangle failure in the crypto market is very often! Check ETHUSDT triangles in last two years I can remember minimal 3 or 4 times that the last wave in the triangle is missing and also other Cryptocurrency pairs are the same! This happens in the uptrend mostly!