- Double 0.3 + monthly ema support
- Liquidity swept including quarterly low
- If weekly closes bullish hammer like it is now easy long
- Target 0.7fib area of old monthly wave + fib extension area of the recent wave
- Target can be extended to all time high
-Great reaction on the sweep of the range low with monthly and weekly 10 and 21 emas still holding and didn't cross bullish
- You can place stop below last low but I'm taking the conservative approach and will only liquidate if there is weekly close below monthly demand and 0.3 fib main support.
- Target is new all time high
- Trade can take a long time since it's...
#ZECUSDT is on the verge of a nice breakout into the range high
RSI downtrend broken while price held support after the last leg down.
Confirmation would be price breaking back into range while the daily RSI breaks the 50% level and tests it as support.
FTMUSDT broke of a long downtrend and retested support successfully.
It is now setting up an optimal entry at a demand area that could potentially lead to large gains in the mid-long term, while the RSI is testing a new uptrend line after breaking a long term downtrend line and testing support.
Invalidation of this trade would be breaking and closing below this...
PYRUSDT is retracing into previous range high/resistance and 0.386 fib level where price penetrated the highs with big volume indicating a change in market structure and a new bullish trend.
Also long term RSI trend is testing the trendline and 50% level area as support.
Invalidation of this idea is the yellow arrow scenario where price closes back inside the...
