On the above 3 day chart price action has corrected 95% since early 2022. A number of reasons now exist to consider a long position, including:
1) Price action resistance breakout.
2) Trend reversal.
3) Support and resistance. Price action confirms support on past resistance.
4) There is no chart pattern or otherwise to estimate a target area so don’t ask! However that said the monthly chart points to significant resistance around the 35 cent area, 200% above.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Now
Return: 200%
1) Price action resistance breakout.
2) Trend reversal.
3) Support and resistance. Price action confirms support on past resistance.
4) There is no chart pattern or otherwise to estimate a target area so don’t ask! However that said the monthly chart points to significant resistance around the 35 cent area, 200% above.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Now
Return: 200%
Trade active
On strong historical support.Trade active
Past resistance confirms support just as in October 2023. Candle looks big now, yet tiny in the afterwards, look left.Note
Do you know what pattern this is?Order cancelled
Broken market structure.Trade active
resistance breakout
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.