MTLETH Binance Buy Opportunity
MTLETH was starting a new trend in January - daily candle closed above Donchian's upper line on 23rd January. Yesterday on 14th March the candle was also closing above again - moreover this was taking off MA200. We are in a new uptrend and potentially entering into a wave III.
Buy now - wave III. is usually the impulse wave - targets can be set to either under 2.618 or 3.618 fib levels of wave I. 2.618 is confluencing with a strong resistance zone however on a bullish market resistances tend to break whilst supports hold. So in longer term 3.618 can be realistic - this puts a target under 0.0058 - e.g. 0.005699.
SL can be set under wave II. low or when daily candle is breaking Donchian's lower border - whichever is earlier. Under 0.00205 at latest. RR: 1:6
Trade carefully and only with money you can afford to lose! Thank you and comments are more than welcomed!
Buy now - wave III. is usually the impulse wave - targets can be set to either under 2.618 or 3.618 fib levels of wave I. 2.618 is confluencing with a strong resistance zone however on a bullish market resistances tend to break whilst supports hold. So in longer term 3.618 can be realistic - this puts a target under 0.0058 - e.g. 0.005699.
SL can be set under wave II. low or when daily candle is breaking Donchian's lower border - whichever is earlier. Under 0.00205 at latest. RR: 1:6
Trade carefully and only with money you can afford to lose! Thank you and comments are more than welcomed!
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.