If it has a chart, i can trade it. My main discipline is Stocks but people have been asking for TA on a few popular Crypto's so here we go. You can see the PA has advanced nicely, and has now retraced into the golden pocket. Clearly retesting a breakout from diagonal resistance, will it hold is the question.
We wanna wait for a clear signal with either a break above the distribution box, or a pullback out of the golden pocket should find buyers back in the accumulation box. I'd go long no earlier than .24 and more likely .19-.20. In other words, at current juncture, sit on your hands and wait IMHO. Of course this isn't investing advice and is strictly for educational purposes.
We wanna wait for a clear signal with either a break above the distribution box, or a pullback out of the golden pocket should find buyers back in the accumulation box. I'd go long no earlier than .24 and more likely .19-.20. In other words, at current juncture, sit on your hands and wait IMHO. Of course this isn't investing advice and is strictly for educational purposes.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.