WABI: Time to ride the wave?
First analysis posted here so please be nice.
There are strong signals that we are about to see WABI breakout of a 2 week triangle correction period and embark on a steep 5th Elliot Wave.
The current price is teetering around a key support line (near the -61.8% FIB level) which has established itself during the 2 week triangle correction (currently 0.00241 BTC). Should this support level hold, I would be looking for RSI and MACD confluence upon breaking out of the triangle before laddering in just above key support/resistance zones (target buy prices: 0.000264,0.000287,0.000303,0.000338).
The conservative price target is at the ATH (c. 0.0004000, +50%) but should this be broken and with indicators that the bull run will continue, a higher price target would be around the 161.8 FIB level (0.0005485, +100%). Looking at this to play out over the next week or so, will be watching this closely.
There are strong signals that we are about to see WABI breakout of a 2 week triangle correction period and embark on a steep 5th Elliot Wave.
The current price is teetering around a key support line (near the -61.8% FIB level) which has established itself during the 2 week triangle correction (currently 0.00241 BTC). Should this support level hold, I would be looking for RSI and MACD confluence upon breaking out of the triangle before laddering in just above key support/resistance zones (target buy prices: 0.000264,0.000287,0.000303,0.000338).
The conservative price target is at the ATH (c. 0.0004000, +50%) but should this be broken and with indicators that the bull run will continue, a higher price target would be around the 161.8 FIB level (0.0005485, +100%). Looking at this to play out over the next week or so, will be watching this closely.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.