ALTS
A - From ichimoku POV only :
1- we will face double resistance for price : kijun (red line) and cloud (+4%).
2- we could revert or enter the cloud and invalidate the next week (4-10%) , its common .
3-Entering the cloud and stay in it , we here wait for the other levels 240-250B and wait for chikou-span ( green line) to enter the cloud and not exit(not to invalidate) for 2-3weeks . we update after that .
if prices stays within the cloud 5-6 weeks , according to ichimoku we reverse the downtrend for ALTS.
B - using other approaches :
1-must clear 223-226b area and get acceptance above it for 2-3 weeks to seek for more upside , this area represent inverse fair value gap and fair value gap weekly .we update after that the next levels .it can/probably extend to the mid channel 246b .
2- 90DAYS range has targets of 247-259B . that could be attended or even gets deviated above by price . like it deviated below (red box ) .that give us a minimum of 20% up from here(from 219b)
3-280-310b range considered as a rock for prices (coincides with multi upper ranges levels ) , is the most optimistic area to visit if this rally got really extended . and its to top of this long accumulation range of approximately 500days .
Conclusion :
targets for alts rally : from +4% from here (219B) to (42-45%) .
other targets are still early to indicated as we still in the accumulation range .
this is not a financial advice
thank you
1- we will face double resistance for price : kijun (red line) and cloud (+4%).
2- we could revert or enter the cloud and invalidate the next week (4-10%) , its common .
3-Entering the cloud and stay in it , we here wait for the other levels 240-250B and wait for chikou-span ( green line) to enter the cloud and not exit(not to invalidate) for 2-3weeks . we update after that .
if prices stays within the cloud 5-6 weeks , according to ichimoku we reverse the downtrend for ALTS.
B - using other approaches :
1-must clear 223-226b area and get acceptance above it for 2-3 weeks to seek for more upside , this area represent inverse fair value gap and fair value gap weekly .we update after that the next levels .it can/probably extend to the mid channel 246b .
2- 90DAYS range has targets of 247-259B . that could be attended or even gets deviated above by price . like it deviated below (red box ) .that give us a minimum of 20% up from here(from 219b)
3-280-310b range considered as a rock for prices (coincides with multi upper ranges levels ) , is the most optimistic area to visit if this rally got really extended . and its to top of this long accumulation range of approximately 500days .
Conclusion :
targets for alts rally : from +4% from here (219B) to (42-45%) .
other targets are still early to indicated as we still in the accumulation range .
this is not a financial advice
thank you
Catatan
weak for now ! did not even reach the first zoneCatatan
after the correction, we reach finally the first zone !Catatan
approach A : 1and 2 achieved , we are in 3 , whether we reject next week or stay in the cloud , we update later . approach B : level cleared , waiting for acceptance at least 2 weeks (second week of nov ) .
approach c : 247B is next target which means another 7% from now ! after this could continue to upper level or revisit the lower level, we update then .
conclusion : mid channel achieved , could mean a reversal or continuation , cloud could reject or accept the prices, now we can not say anything without waiting at least 1-2 weeks for the dust to settle !
Catatan
cyclical speculative plan has been published , soon we update this oneCatatan
top or range taped ! 3 possibilities here : rejection , deviation above and get back inside and 3 : find acceptance above the range and continue higher !Catatan
i will be sharing ideas from my new account : tradingview.com/u/Benterkiayoucef/
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.