BYBIT:ALICEUSDT
1H trend chart
-
Alice is consolidating as a double bottom.
And it just broke the trend line.
However, the W pattern completed only if hit 15.89
So, there are 2 ways for entry.
1. Aggressive traders
If price can stand firm at 14.82(Fib_0.618)
2. Conservative traders
If price can stand firm at 15.89
trading strategy as below.
-
Profit Targets:
a) 17.6----Fib(1)
c) 19.58~20.38----Fib(1.272~1.382)
d) 22.09----Fib(1.618)
Stop losses:
a) 13.29-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
1H trend chart
-
Alice is consolidating as a double bottom.
And it just broke the trend line.
However, the W pattern completed only if hit 15.89
So, there are 2 ways for entry.
1. Aggressive traders
If price can stand firm at 14.82(Fib_0.618)
2. Conservative traders
If price can stand firm at 15.89
trading strategy as below.
-
Profit Targets:
a) 17.6----Fib(1)
c) 19.58~20.38----Fib(1.272~1.382)
d) 22.09----Fib(1.618)
Stop losses:
a) 13.29-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
