Is CND Ready For Wave 5?

BINANCE:CNDBTC   Cindicator / Bitcoin
Please reference Chart.

1. The current CND             channel, marked in purple, shows the potential for completion of Elliot 5 Wave which states that price action travels using a 5-point wave followed by a 3-point correction.
This would leave CND             with one more wave back to the top of the channel at about 1550sats, and would then experience a 3-wave             corrective move.
The pattern would be nullified if price broke through the top of the channel, or maintained its course inside the channel through the next wave.

2. The "Bars Pattern" tool (left side taskbar) can help visualize one potential course of price action by copying the previous wave's path, but of course should never traded on or given much weight in general.

3. The target of 1500-1600 sats             yields over 80% returns with a significant Risk Reward Ratio ( RRR             ) of 6 (which is measured by comparing potential gains against a stop-loss position).
I generally trade anything with an RRR             of 3 or more, so a 6 is definitely an attractive bet, like having a straight on a board with no flush potential.

Position: Long
Potential: 82% ROI            
Trade CND:
Kommentar: Got some sideways action going on thanks to the alt-dump, but target seems likely sooner rather than later. Hard hodl.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden