ATOM/USDC Binance (Heikin Ashi)- Leading diagonal - Bearish Bullish Scenario 


ATOM/USDC Binance (Heikin Ashi)- Leading diagonal - Bearish Bullish Scenario 

For this graph, We use Elliott Impulse Wave (12345) with eclipse tools

Elliot correction wave ABC and MaCD

On this graph, we saw perfect leading diagonal Bullish Scenario

Verdict:

We open risk, Good buy at $2.90- $2.80 If the red flag continues or BTC will go down it can drag the price and it will fall under $2.710

Stop loss at $2.6 - $2.5

first target $2.9 - $3 

If the price went up and he break the wall the next resistance would be $3.2, $3.4, $3.6

They already reached the triple button.

The Diagonal or Leading diagonals “lead” a 5-wave pattern (or the first part of a zigzag) — hence they appear in the wave 1 position. Ending diagonals “end' a 5-wave pattern — hence, they appear in the wave 5 position (or tail-end of a C-wav

 Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)

Disclaimer: This is for educational purposes,it is not intended as a financial advice.

The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

 

#Trend Analysis

#Chart Patterns

#Wave Analysis

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Ken(Crypto Reporters)
Ken(Crypto Reporters)

Crypto enthusiast, trader, Sales Representative, Bizdev, Data Entry.


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