Simple Token OST - Consolidates With Many Opportunities - Long Term 270% Gain

Simple Token - Consolidation Period with Massive Gain Potential Long Term

We see 5 waves followed by a slightly lower than 0.618 fib retracement level.

A possible zig zag can form.

Though we see a trendline that has supported this far, letting us assume a possible ABCDE pattern can emerge as well.

Longer term at the bounce of C, since B and 5 has estbalished a resistance, we can go long at C to the trend line resistance.

Long term we can see that even with a further correction to the 786 fib regions, and assuming a 1:1 conservative extension, we can target 11,900 satoshi long term with a great low risk setup.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Please consider these videos:

Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Quick Intro to Analyzing Level 2
Lesson 11 Introduction to Laddering

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