On the Daily Chart, Wanchain has shown a buy signal after 9 consecutive candles going lower than its previous 4. However, we must note that this signal also showed up on 5/13. It resulted in a hammer candle stick but eventually ended up rolling over and losing another 25%.
However, I find this situation a little more optimistic in a rebound. Not only are we about to hit the .382 level and also previous support zone of .0006169 - 0.0006348.
I will be looking for a buy at/around that support zone and of course, with a tight stop loss if we break .0006. My target is for at least a 1-4 day correction - hopefully also coinciding with a retracement to the .5 or .618 level.
*THIS IS NOT FINANCIAL ADVICE*
However, I find this situation a little more optimistic in a rebound. Not only are we about to hit the .382 level and also previous support zone of .0006169 - 0.0006348.
I will be looking for a buy at/around that support zone and of course, with a tight stop loss if we break .0006. My target is for at least a 1-4 day correction - hopefully also coinciding with a retracement to the .5 or .618 level.
*THIS IS NOT FINANCIAL ADVICE*
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.