Panjang
NCASH Potential Bottom
Ncash has seen a rough couple months. However we're now seeing an extremely oversold RSI in confluence with multiple fib levels and a strong trend extension (marked ABCD).
Here I'm looking for a potential bottom within the green box. Pink lines are simple levels of resistance, where price is likely to react. Any of these lines may be looked at as potential targets. I may post extra charts in comments to highlight the specific retracements I've used to find this zone.
Entry Zone : 120-136
Short Term Targets -
Target 1 : 160
Target 2 : 181
Target 3 : 203
Target 4 : 222
Long Term Targets -
Target 1 : 240
Target 2 : 282
Target 3 : 330
Target 4 : 375
Stop Loss : 111 (at your own discretion, this is my personal SL)
I'm not a financial advisor. Happy trading
Here I'm looking for a potential bottom within the green box. Pink lines are simple levels of resistance, where price is likely to react. Any of these lines may be looked at as potential targets. I may post extra charts in comments to highlight the specific retracements I've used to find this zone.
Entry Zone : 120-136
Short Term Targets -
Target 1 : 160
Target 2 : 181
Target 3 : 203
Target 4 : 222
Long Term Targets -
Target 1 : 240
Target 2 : 282
Target 3 : 330
Target 4 : 375
Stop Loss : 111 (at your own discretion, this is my personal SL)
I'm not a financial advisor. Happy trading
Penafian
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