Hi everyone.
EGLD are now slowly climbing in Wave 3 and Bulls just took the hand on the Daily chart.
Most common target for this Wave 3 are :
-178.51$ / 161.8% fibonnaci
-196.11$ / 200% fibonnaci might play ABCDE :
-224.60$ / 261.8% fibonnaci
-270.69$ / 361.8% fibonnaci
Everything will depend on our timing with BTC. On what i see right now BTC can retrace from 55156$ to 51766$ or 57949$ to 53492$.
After that retracement liquidity should be moved to Altcoins.
Too early to figure out Wave 5 right now but my demonstration show a probable scenario for W5 if W3 is stopping at 224.60$.
A realistic target would be 252.28$ if this scenario happen, a more bullish one will target 299$. I will give more details under, i will count smaller wave to have exact probable targets. The bullish scenario will be a W3 stopping at 270.69$.
Thanks for liking this post and thanks for sharing your opinion or if you have any question let me know.
Best to you !
EGLD are now slowly climbing in Wave 3 and Bulls just took the hand on the Daily chart.
Most common target for this Wave 3 are :
-178.51$ / 161.8% fibonnaci
-196.11$ / 200% fibonnaci might play ABCDE :
-270.69$ / 361.8% fibonnaci
Everything will depend on our timing with BTC. On what i see right now BTC can retrace from 55156$ to 51766$ or 57949$ to 53492$.
After that retracement liquidity should be moved to Altcoins.
Too early to figure out Wave 5 right now but my demonstration show a probable scenario for W5 if W3 is stopping at 224.60$.
A realistic target would be 252.28$ if this scenario happen, a more bullish one will target 299$. I will give more details under, i will count smaller wave to have exact probable targets. The bullish scenario will be a W3 stopping at 270.69$.
Thanks for liking this post and thanks for sharing your opinion or if you have any question let me know.
Best to you !
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Follow this
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Retracement possible to 141$ - 137$
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CUP & HANDLE TO OUR TARGET
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Join me on Youtube at : www.youtube.com/c/CryptoMercyTrading