Hi
It’s been a while since this coin is ranging but I think that now is the time to take a look back at it:
The chart seems to have form an Inverse H&S which is not confirmed yet. It will only be confirmed when the price close above the neckline of the pattern with convincing volumes.
I put an alert on it at 0.1127$.
If the breakout occur the final target is the first visible resistance above set at 0.1463$.
Regarding my indicators:
- the RSI is in an uptrend after marking a W reversal with a successful retest
-The price is above the 20 and 50week EMA but below the 100week EMA which act as resistance for the moment.
- The stochastic is pointing at an upward momentum.
To me this asset is a BUY if the price remains above the weekly support line (0.1019$).
Disclaimer: This is not financial advice as I’m not a financial adviser. Everyone is wise to manage their own risk properly when considering any trading decision or activities.
It’s been a while since this coin is ranging but I think that now is the time to take a look back at it:
The chart seems to have form an Inverse H&S which is not confirmed yet. It will only be confirmed when the price close above the neckline of the pattern with convincing volumes.
I put an alert on it at 0.1127$.
If the breakout occur the final target is the first visible resistance above set at 0.1463$.
Regarding my indicators:
- the RSI is in an uptrend after marking a W reversal with a successful retest
-The price is above the 20 and 50week EMA but below the 100week EMA which act as resistance for the moment.
- The stochastic is pointing at an upward momentum.
To me this asset is a BUY if the price remains above the weekly support line (0.1019$).
Disclaimer: This is not financial advice as I’m not a financial adviser. Everyone is wise to manage their own risk properly when considering any trading decision or activities.
Dagangan aktif
This one was a tough one to follow last year.
The descending triangle is clear on the weekly time frame with not one but 2 false breakout to the down side...
Now that we are back working on the upper downward trendline I speculate that there is a high probability for an upward move.
Dagangan aktif
Take profits time Nota
this market is like a surgeon always retesting.
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.