*Investment opportunity*
On the above weekly chart price action has corrected almost 80% since January 2022. An excellent long entry now exists. Why?
1) Price action and RSI resistance breakouts.
2) The falling wedge breakout confirmation.
3) The falling wedge target is measured to 17 dollars.
4) The macro structure prints a large flag pattern on the 3-month chart with a 150 dollar target where previous support is formed since 1991, fantastic. (see below)
5) No share splits.
6) Dividend yield 15.11% !!
Is it possible for price action to collapse further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <= 6%
Timeframe: Act now
Return. 200% and 2000% excluding dividend yield
3-month
On the above weekly chart price action has corrected almost 80% since January 2022. An excellent long entry now exists. Why?
1) Price action and RSI resistance breakouts.
2) The falling wedge breakout confirmation.
3) The falling wedge target is measured to 17 dollars.
4) The macro structure prints a large flag pattern on the 3-month chart with a 150 dollar target where previous support is formed since 1991, fantastic. (see below)
5) No share splits.
6) Dividend yield 15.11% !!
Is it possible for price action to collapse further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <= 6%
Timeframe: Act now
Return. 200% and 2000% excluding dividend yield
3-month
Trade active
Note
past resistance confirms supportNote
First macro higher low since May 2020 prints.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.