Not financial advice Trade idea moving forward. Look for entry around .75-.95c but long term bullish... If you like give a thumbs up and follow Short term I'd look for an entry between .75-85c ish range to go after 2.50 wave 3 target followed by a correction back to current trade levels of 1.00-1.25 then onto the target of 5.75 You can see where we topped at and now we did an ABC correction to restart waves 1-5 with a target of 5.75 This would give us our Long Term D target. And long term "E" target is .20c this would be a 5 wave corrective life structure. Always practice patience #PIK Patience is Key #TLAW Think Like A Whale
Did we miss the entry levels or do you think the .75-.85 is still possible? Thanks!
ThinkLikeaWhaleTLAW
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@tradingfrenze, We are currently in a rising wedge pattern which is bearish but there is a catch to that. If we get past 1.29 and have daily closes above 1.29 we have a target of 1.55-1.60 Saying all that I'd look for entry around 1.00-1.15 spread your orders like a web and make them small orders to verify the 1.00-1.15 holds To minimize your loss. You can also place orders now with a stop loss at around 1.05 to be safe. Curre.tly a 50-50 chance we go to 1.55-1.60 for this wave 1 top and then yes .75-.85c will be entry. Now if we take out 1.29 and have daily closes there take profits at 1.55-1.60 and wait for the correction😀💪😏😄 We have a breakout on the RSI and the Fisher on daily but we are oversold on the weekly so as I mentioned you have to decide whether your risk to reward is worth it. I'd personally if it was me id wait for 1.29 to clear and take profits at 1.55-1.60. here is a chart. There is better pure plays than XTZ right now. Zil wants to run another 25% here so think about that
SwallowPremium
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It was interesting to read, keep up the good work.