Following an oversold condition (orange column) on the above 2-day chart we now have an incredible buy opportunity. Why bullish?
1) Price action resistance (orange line) has become support. A very bullish signal.
2) Price action confirms support on the 150-day moving average (thick blue), following a re-test of orange line resistance (a) and then (b) as support.
3) Bullish engulfing candle with Point (2).
4) Volume increases significantly following the oversold condition.
5) RSI support suggests continuation in uptrend until mid-April.
1st target is 10 cents / 100%
2nd target is 26 cents / 360%
1) Price action resistance (orange line) has become support. A very bullish signal.
2) Price action confirms support on the 150-day moving average (thick blue), following a re-test of orange line resistance (a) and then (b) as support.
3) Bullish engulfing candle with Point (2).
4) Volume increases significantly following the oversold condition.
5) RSI support suggests continuation in uptrend until mid-April.
1st target is 10 cents / 100%
2nd target is 26 cents / 360%
Trade active
10-day chart printed a candle closing on support (past resistance) = bullish.Trade active
5-day yesterday printed a new candle. One of my favorites - the Dragonfly DOJI.
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.