According to NOT there is an additional signal for growth. In addition to those already described in yesterday's review.
The trend reversal indicator also gives a long signal on the daily TF. They just forgot to include it yesterday during analysis.
The graph shows how this signal worked in the past.
For the first time, at the end of June there was a local rebound of +18%, but then the correction continued. Despite the “Morning Star” and the likelihood of the correction ending in wave C.
The second time, on July 6, the growth was more significant and amounted to more than +76% from the level of the reversal candle. Around there we opened our#spot_tradeat the rate of $0.01077, with a limit order on July 5th. This was growth in wave 1 of the beginning of a new five-wave structure within the global fifth wave.
Now the reversal signal from the indicator is at the expected low of wave 2. And this is a good basis for starting wave 3. Traditionally, the most powerful in the five-wave structure.
Let’s also add that the entire decline since June 2 can be interpreted as the formation of a P&P and a downward trend since June 5, the importance of which we emphasized yesterday - this is the neck line. We assume a breakdown of this trend on August 6th. When it crosses the key volume level of $0.01604. In this case, the full P&P target will be around $0.026.
The overall picture of all the arguments is in the style of “too good and obvious to be true.” But judging by some commentators on Binance Square about the “zeroing” of #NOT, it’s not so obvious. Which increases the chances of working out 👌
