*Trend direction: UPTREND - Green background (Higher-High & Higher Low was observed) *The price has break-up and stand above our lifeline (Redline) on 05-May. *Bottom signal (Green-upward triangle 19-Mar, followed by Yellow-Diamond "BT" on 23-Mar & 27-May) were sighted on our chart. *Turning points (Purple-candle) have appeared on 27-Mar, 14-Apr, 22-Apr & 28-May, an indication of the price revert to upward direction. *The accelerate signal (White-Diamond) was sighted on 27-Mar & 17-Apr, an indication of the strong buying momentum. *A Yellow-candle + Alert Bell has appeared on 30-Apr & 08-May, an indication of price potentially take-off.
Prediction: The price broke up our lifeline (resistance) on 30-Apr and it pullback supported by our lifeline (Redline) region. Once it breaks this immediate resistance R0.84 it will take-off to the next level. *Otherwise, it will hover sideways within a range between 0.84-0.69 within a BOX pattern.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively). Target Price: R1=0.99-1.03 & R2=1.11-1.18 Support/Cut Loss: S1=0.69 & S2=0.57
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation: BUY Signal:- *Green-Background = Indication of an Uptrend *BT-Yellow-Diamond = Indication of Bottom signal. *Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal. *White-Diamond = Indication of a strong upward momentum accelerator. *Purple-Candle = Indication of a strong turning point or a trend reversal. *Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:- *Red-Background = Indication of a Downtrend. *Red-Dot = Indication of Hot-buyer, potentially a Top signal. *Blue-Candle = Indication of Price selling off area.
Trade attivo
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Looks like it isn't able to break the immediate Pre-high resistance 0.84. No trade action was initiated. It is now creating a BOX pattern and moving in a sideways range 0.70-0.84 Until it breaks out the BOX, we will only initial our entry. Else if it breaks below the S1 support we will abandon this ticker.
*If you want to know more detail on how to operate with our signal. You can drop a message to us. Good luck & Happy Trading!
Trade chiuso manualmente
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This counter is moving within the BOX range. Hence, we are quitting this counter & waste no time on it.