We have long opportunity once we break ~1.7687$
I'm expecting that we break above B and then test the red supply line.
Once 1.7687 becomes new support level we should go higher and break supply line all the way to 0.786 or 0.886 Fibonacci ratios D point at PCZ ~1.9369$ or ~1.9957$.
Entry: Break B ~1.7687$, back test it as support.
TP1: 0.786 - ~1.936$
TP2: 0.886 - ~1.995$
Stop loss:
Should below close of B ~1.74.
Depending on market conditions and what BTC is doing we could go higher above 2 Fibonacci ratio all the way to 2.618 at ~2.15$.
Will update idea if we get their.
We should look for market exhaustion at PCZ ~1.9957 where a short opportunity could present itself.
I'm expecting that we break above B and then test the red supply line.
Once 1.7687 becomes new support level we should go higher and break supply line all the way to 0.786 or 0.886 Fibonacci ratios D point at PCZ ~1.9369$ or ~1.9957$.
Entry: Break B ~1.7687$, back test it as support.
TP1: 0.786 - ~1.936$
TP2: 0.886 - ~1.995$
Stop loss:
Should below close of B ~1.74.
Depending on market conditions and what BTC is doing we could go higher above 2 Fibonacci ratio all the way to 2.618 at ~2.15$.
Will update idea if we get their.
We should look for market exhaustion at PCZ ~1.9957 where a short opportunity could present itself.