Just looking at the 1h Chart, i think XVS looks to have completed an ABC corrective pattern already, and wave 1 and 2 of a new elliot wave have already taken place, which means we’re in wave 3 which is supposed to be the biggest.

2 Possible scenarios to enter a long trade.

1. AGGRESSIVE
Entry now, between 7.5-7.6
TP1: 7.940
TP2: 8.116
TP3: 8.292
SL: 7.150
2.CONSERVATIVE
Enter above 7.728 which is the resistance on the 4H chart.
TP1: 7.940
TP2: 8.116
TP3: 8.292
SL: 7.556

Also happy to get any feedback from any pro trader here on my understanding of the analysis. gotta love some constructive feedback to learn more! 😊

$XVS #XVS/USDT #ElliottImpulsiveWave $BTC

Don't say you didn't know!! It's just started.

Expecting some bullish movement now at least till the 60-62k mark where the next major resistance would be!

Setting TP targets accordingly!

$BTC

Based on my previous post , a $BTC 4H candle is currently retesting the neckline from the double bottom.

Keep an eye out, and if it closes above, I suggest putting in your long orders as mentioned in the previous post.

P.S Im not a guru lol, so trade at your own risk.
#BTC

$BTC formed a double bottom pattern on the 4H chart a couple days ago with divergence on the #RSIIndicator
It then successfully crossed the neckline this morning with a candle closing above the neckline.

Since then there’s been a retest of the neckline/resistance.

If a candle closes above the neckline again in the next 3-4 candles, it will indicate a strong #bull signal.

I plan to go long if the above happens.
Entry: 58.5K
TP: Anywhere between 60-62k (the next resistance in the 1D chart is between 60-62k.
SL: 53.5K

I’d still advise caution , given we’ve seen too many ups and downs in the last couple weeks.

P.S I’m not a guru, just another one of you.