AVAX TRADE PLAN UPON REVERSAL OCT 21
upon completing the previus 3 drives pattern and the ABC plot. A bearish divergence was form as u can see in the pic from the previous high around 62 level. It made a reversal after showing weak sign. A forming cypher pattern can be shown as it reverse downside. The completion of the cypher pattern is at the 78% XC and could possibly reverse upward to complete the big butterfly pattern around the 66 level.
Nota
Since the market is very bullish at the moment. It bounce back at the 50 EMA around the 60 lvl area which make the cypher pattern invalid. Next resistance to look is around the 63.3Nota
IT CURRENTLY BROKE THE RESISTANCE OF 63.3 FROM THE PREVIOUS HIGH AND NEXT TARGET WILL BE THE BIG BUTTERFLY PATTERN AROUND THE 66 LEVELNota
ITS MAKING A CORRECTION AT THE MOMENT LOOK CLOSELY AT THE 50-200 EMA... POSSIBLE PULL BACK AROUND THE 57 -58 LVL BEFORE IT CONTINUE THE BULLISH MOVENota
It made a bounce back at the 50 EMA (the yellow line) and now have completed the big butterfly pattern and could possibly go as high as 70 lvl to complete a much bigger patternTrade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.