Alchemy Pay (ACH) - Bullish divergence

On the above daily chart price action has corrected 90% since last November. A number of reasons now exist to be bullish, including:

1) Double ‘incredible buy’ signals.

2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action. A very similar picture on the 2-day BTC pair (below).

4) Price action resistance breakout.

Is it possible for price action to fall further? For sure.

Is it probable? Very unlikely.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 3 - 8 month
Return: no idea

2-day BTC pair

Trade attivo:

Warming up

Trade attivo:

Price action fulfils 'what if' list requirements.

Latterly the BTC pair prints recently prints a textbook Dragonfly DOJI candle.

Trade chiuso manualmente:

240% return

Not the moment to be long with price action support breakout.