I like to draw ideas on a bare chart. I don't care to use many indicators but prefer to hunt familiar patterns using trends and S&R. I also like a bunch of random different color lines... different colors are mostly drawn on different time frames. Prices are approximate.
On the higher timeframe (M/W) we broke out of a 2 year flag and currently just retested nicely. On a lower time frame (D/H4) were forming an ascending triangle and headed up towards the $3.90 resistance. We will form an inverse head and shoulders with a slanted neckline which will catapult us over the green line. If we break to the upside, we may be looking to our next major resistance target of $4.50. After that, I expect a short reversal so we can healthily correct/retest our $3.90 support that has been created from previous resistance. After that, heading up to $5.40+
We should be headed up to $5 by mid February. Seems it could print "slower" gains but might turn in to +70-80% in a month or so... Probably a few bumps along the way.
On the higher timeframe (M/W) we broke out of a 2 year flag and currently just retested nicely. On a lower time frame (D/H4) were forming an ascending triangle and headed up towards the $3.90 resistance. We will form an inverse head and shoulders with a slanted neckline which will catapult us over the green line. If we break to the upside, we may be looking to our next major resistance target of $4.50. After that, I expect a short reversal so we can healthily correct/retest our $3.90 support that has been created from previous resistance. After that, heading up to $5.40+
We should be headed up to $5 by mid February. Seems it could print "slower" gains but might turn in to +70-80% in a month or so... Probably a few bumps along the way.
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.