On the above weekly chart price action has corrected 96% since late 2021. A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes.
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over a one month period. This includes money flow.
4) The falling wedge forecasts a 2600% move from the breakout point as measured from the lowest and highest touch-points (blue circles).
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: Yesterday
Return: 20-25x
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes.
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over a one month period. This includes money flow.
4) The falling wedge forecasts a 2600% move from the breakout point as measured from the lowest and highest touch-points (blue circles).
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: Yesterday
Return: 20-25x
Trade attivo
Next resistance is around 40 cents and then $3Nota
Past resistance confirms support.Nota
Someone ask about this one... Daily chart looks very ugly at the moment.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.