I have been monitoring many alt coins against USDT over the last several weeks, other than ATOMUSDT, this is the first daily long signal TT (Trend Trading) Indicator has given in quite some time. My target is based on elliot wave theory (if we get an impulse up from here my target area would be classed as Wave 3).
Stop is simply below the last significant lows. I will share updates via screenshots as often as possible.
TT Indicator is relaunching in the new year. You may join the waiting list at ttindicator.com and choose sign up in the menu.
Best of luck out there, Phil - TT Indicator.
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UPDATE: Looks bad here at first glance but TT Indicator has not turned red, hoping a daily close can remain orange (uptrend consolidation).
A return the 0.618 for a retest seems to be the situation. Hidden Bullish Divergence on RSI also keeps my confidence high and CCI is returning to 0, hopefully to turn up again rather than cross below 0.
Adding to position here, stop unchanged (I never change my stop target).
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Since we regained 50% of the daily body of the last day's candle (and a failed attempt at a bullish engulfing candle), I am less enclined to close this position even though my indicator has suggested I close out here. Will keep stop as is and prepare for the worse, in hopes of the best.
I realise BTC's destination here is an important factor too. From here, it's certainly more of a gamble but no one entered crypto for instant security.
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