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Elliott Wave

Binance Hot list coin July 13, 2020 : ETCUSDT #2Here is my premature deduction based on the Elliot Wave Theory and count on Ethereum Classic. There could be a complex and flat correction wave on 4th which forms a potential descending triangle that usually becomes a failure. Beside, the RSI has its first peak and there could potentially the 2nd peak which forms a lower high but higher high on the price. Breaking out above the resistance trend line will activate my laddering buy.
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by julio24albert
Re-accumulation example (ref.)Areas to look for re-accumulation: Below support 50-61.8% fib Previous resistance turned support Chosen EMA (14/50 here/Fader technique). RSI is useful for setting alerts. RSI here is at 7. Oversold at 75/overbought at 25. Also useful for a last conformation (although not needed). You may also get a divergence below the creek on the 5 or 15 once price intersects with the other factors listed above. Ideally, you get in on the test and take it to your profit target. Take profit and wait for this to repeat itself. If you think you just so happened to buy right before its going to skyrocket like never before, think again. Always have a profit taking plan in your trading* Holding is for investors and people who don't know what they are doing. PM for TA questions. Training* Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA* Read the ticker dot com Wyckoff analytics Dee Nixon
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by dee718
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