During most of December C98 made a downtrend wedge which I am considering to be an ending diagonal. When the wedge was broken, we had an impulsive wave and now we´re correcting that impulse.
Therefore I am considering that in the short term we should have at least one more leg up, with targets shown on the chart.
Depending on your risk profile, you can take a trade now (since the last 3 days were bullish, and today we seem to be correcting those candles), or you could wait for the green channel to be broken. I already took a mid-sized position and will add up if we break the channel.
Therefore I am considering that in the short term we should have at least one more leg up, with targets shown on the chart.
Depending on your risk profile, you can take a trade now (since the last 3 days were bullish, and today we seem to be correcting those candles), or you could wait for the green channel to be broken. I already took a mid-sized position and will add up if we break the channel.
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📈 Experienced Crypto trader
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🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.