The infamous 1 day chart.
when most people see an asset fall this much they are afraid to buy. not me. i see opportunity here with a great risk to reward potential.
This asset closed today on a doji reversal candle, very close to the 89.3% fib level while inside this wedge pattern/flag pattern. we are oversold on this daily chart as well. we dont have daily rsi divergence though. will we make one more push down to the 89% fib level? possibly....the best course of action here would be to cast a laddering strategy. with the stop just under the 89.3% fib level.
are you willing to risk 5% for a potential 20-50% longterm gain? i just dont see why not.
i hope this quick analysis helps guys and gals
Rigo
when most people see an asset fall this much they are afraid to buy. not me. i see opportunity here with a great risk to reward potential.
This asset closed today on a doji reversal candle, very close to the 89.3% fib level while inside this wedge pattern/flag pattern. we are oversold on this daily chart as well. we dont have daily rsi divergence though. will we make one more push down to the 89% fib level? possibly....the best course of action here would be to cast a laddering strategy. with the stop just under the 89.3% fib level.
are you willing to risk 5% for a potential 20-50% longterm gain? i just dont see why not.
i hope this quick analysis helps guys and gals
Rigo
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.