ETCUSDT Short-term Bear Run then Bull Run

If breaks through 15.4 expect retrace to 0.318 line, and then a bounce back up. However if it finds support at the 0.628 line, can expect reversal into uptrend; possibly finding resistance at previous All time high. Prime buy points would be at the 0.318 line ($13) or the 0.628 line ($16), if unsure of which; wait for trend to get close to the 0.628 support and see if 2 candles close below it back-to-back, if closes below it safe to assume will continue retrace to 0.318 support.

Handel aktiv:

Bounced off 0.786, expecting to retest 1.0 on the fibonacci retracement.

Kommentera:

(Fibs were backwards in OG pic)

Handel aktiv:

Bounced of the 0.618 of OG pic, if closes above diagonal white dotted line above Pitchfork, safe to assume will continue to horizontal white line above.

Handel aktiv:

Finding resistance at the current line of pitchfork

Handel aktiv:

Broke pitchfork resistance

Handel aktiv:

Strong support/resistance at top of Pitchfork.

Handel aktiv:

Bounced off 0.382, heading up.

Trade stängt: målet nått:

Targets hit, broke out of pitchfork; New chart up soon.

Kommentera:

New chart is up.