Hi everyone,
Sorry if this chart has been posted already, but super bullish now!
What ever I throw at it, is being respected! (Exception of head & shoulders but read below why its still valid)
Trend is respected - fell back from its run and now moving back up.
Elliot Waves in play, currently entering traditionally the biggest run, to number 5.
Heads and shoulders - if you don't include the outbreak, which had a lot of hype not much set in stone, disregard it and you have a perfect H&S formation.
Bounced off the 61.8 fibs and was moving up before the TH.
RSI is not over bought, also bullish
Bollinger band upper side - bullish.
I will be entering hopefully* at 2.4c with a SL at 2.2 for a risk to reward of 4x
Note this is purely technical analysis trading, FA imo will make the SL unecessary but its how I trade TA
IMO if we break 2.8c we will test 3.2c resistance before falling back to trend for another run up.
33% profit if my buy goes through, well done to all holders who got in early.
Exciting times ahead! All IMO DYOR not trading advice.
