Cetus just broke the .618 Fibonacci level on the 8-hour chart and the strong volume in this breakout suggests potential upward momentum. Additionally, it cracked the 50 EMA with conviction, indicating a strong bullish sentiment. With this amount of volume and momentum, it's likely that the previous resistance won't be able to hold, and my target is set at the 1.618 Fibonacci level.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Kommentera:
Closed at .0341 for 109% gains
Kommentera:
Back in the trade. Cetus has a 3rd wave coming up. It’s going to be a money maker.