SNX Stakers Beware, Nearing 5 Up, Ready For Deep Correction
This follows my bearish outlook for BTC and XRP, most everything.
We are close to completing 5 up from the very beginning...meaning a DEEP 2nd wave correction is near. The likely stopping areas are noted, log Fib levels. We could still hit $11 area prior to topping.
This is the weekly chart, so nothing happens overnight, it's just something to be aware of and the depth.
We are close to completing 5 up from the very beginning...meaning a DEEP 2nd wave correction is near. The likely stopping areas are noted, log Fib levels. We could still hit $11 area prior to topping.
This is the weekly chart, so nothing happens overnight, it's just something to be aware of and the depth.
Note
One more down/up could complete 5 waves up for SNX. If so, lookout below. BTC dropping 7K "straight" down also tells us a top is near.Note
It's possible to see 5 up for wave (i), complete....now working on wave (ii). This also matches the Head and Shoulders pattern and a series of 1/2 1/2 setups in BTC, on the H4 chart.Trade fermée: cible de profit atteinte
Note
My bearish outlook has changed, only based on BTC and others. That said, looking at this chart only, I see $1.15 as a shallow target. I no longer pay too much attention to SNX and will close this.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.