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
Note
weak for now ! did not even reach the first zoneNote
after the correction, we reach finally the first zone !Note
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 !
Note
cyclical speculative plan has been published , soon we update this oneNote
top or range taped ! 3 possibilities here : rejection , deviation above and get back inside and 3 : find acceptance above the range and continue higher !Note
i will be sharing ideas from my new account : tradingview.com/u/Benterkiayoucef/
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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.