Are we seeing Fractal retracements ?
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Had a friend who wanted me take a look at NCASH so here it goes.
Looks fairly obvious that we have a retracement of the initial drop. Question to me is do we go up from here or are we starting another C wave correction before we finish with a C wave up toward the 614 sat area. I missed my buy opportunity last night at the bottom of the A wave as i'm currently liquid on BTC at the moment so i'm just observing at this point.
It appears the chart has left us a clue as to what may happen notice the ABC retracement in the corner of the cart. That little retracement is what gave me the target of 226 sats for a bounce (1.618 retracement, did not expect it to be that big). Hopefully we can look for a buy opportunity at the end of the C wave and hopefully all you who are already in, it goes up from here for you. If the C wave correction forms I'll update with potential targets for bounce toward the 614 area.
Thanks for taking a look, this analysis is for my trading only and not a recommendation for your trades. Good luck to all you traders.
Looks fairly obvious that we have a retracement of the initial drop. Question to me is do we go up from here or are we starting another C wave correction before we finish with a C wave up toward the 614 sat area. I missed my buy opportunity last night at the bottom of the A wave as i'm currently liquid on BTC at the moment so i'm just observing at this point.
It appears the chart has left us a clue as to what may happen notice the ABC retracement in the corner of the cart. That little retracement is what gave me the target of 226 sats for a bounce (1.618 retracement, did not expect it to be that big). Hopefully we can look for a buy opportunity at the end of the C wave and hopefully all you who are already in, it goes up from here for you. If the C wave correction forms I'll update with potential targets for bounce toward the 614 area.
Thanks for taking a look, this analysis is for my trading only and not a recommendation for your trades. Good luck to all you traders.
Note
Okay looks like it's forming the C wave looking for a 4% bounce around the 367 zone. That's the 1:1 of wave 1 and the 2:618 of wave 3. Have to wait and see how the 5th wave forms but looking for a target between 331 and 330 but we shall see.
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