We want this to stay along this as we go through this consolidation phase.
I'm going to use this sloping growth rate for our second target, each wave is growing at a linear rate, which calls for exponential growth. Target 3 is possible if we continue to stay on this peak (which is very possible).
If you zoom out, we have a very nice cup, we are currently working on the handle.
Out of all these more recent trades, this may be my 2nd or 3rd favorite (Behind GEO -1.43% -1.43% -1.43% and Civic).
Entry: Below 2016 Sat
Stop Loss: 895
Target 1: 3458
Target 2: 4240
Target 3: 5018
Chance to gain (Target 2 - Base Case) - 133.83%
Chance to lose - 50.36% (lol I'm not losing 50%, I'll let you all know when I enter AND exit this trade)
Timeframe - About 2 weeks
I haven't said "Boom" in a long time. I need this market to start moving lol.
1-2 Day Trading Opportunity!
District0x is finding support along this triangular formation with the 3 hour MACD leveling off. We're going to target the top line resistance level for a 25% gain. Stop loss is just a little lower than the support line.
I wanted to check out the dollar chart even though this is a different site.
I have fully entered the trade, though, I do not recommend this. I'm taking a risk here because I'm seeing resistance at the 21 EMA with the 4 hour Stoch RSI as oversold. I think we can get some push here but I could be very wrong. I will be watching closely to see where we may be headed.