KMD having formed a giant parabolic cup in the last few weeks is coming up to a handle formation.
It is now moving downwards in a channel forming the handle and possibly nearing the bottom and ready to break out to the upside,
target (in green)
0.0005695 or Fib 1, whichever first
Points of resistance:
Fib 0.5 (0.0004952)
Fib 0.618 (0.0005122)
Fib 0.786 (0.0005363) to 0.0005506
Entry: you can wait for confirmation on the breakout before buying in to be sure.
Stop loss would be bottom of the channel, where it exits to the break out.
Profits: Take profits along the way, I typical sell portions of my position to secure profits along the wya, before each points of resistance.
Goodluck!
It is now moving downwards in a channel forming the handle and possibly nearing the bottom and ready to break out to the upside,
target (in green)
0.0005695 or Fib 1, whichever first
Points of resistance:
Fib 0.5 (0.0004952)
Fib 0.618 (0.0005122)
Fib 0.786 (0.0005363) to 0.0005506
Entry: you can wait for confirmation on the breakout before buying in to be sure.
Stop loss would be bottom of the channel, where it exits to the break out.
Profits: Take profits along the way, I typical sell portions of my position to secure profits along the wya, before each points of resistance.
Goodluck!
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.