Overall this crypto is very weak. Most alts are weak, with few exceptions. The Graph has actually been non-stop building even though the coin has bled out for 4+ years. I doubt the long-term trend is bullish, but on the short term, it looks like a standard head and shoulders pattern on the 1-hour. On the 4-hour we have a golden cross - although every other time frame is so bearish.
I started buying some on the left shoulder while it fell in the target zone; I loaded the trade fully on 40x leverage after the right shoulder completed and broker through the zone of resistance.
Looking to see a break of $0.13, which is the top of the head pattern. If we see blow off top in crypto, it should break through decisively over the next 30 days and we could see low .20s
Anything is possible but I may be out of this trade by the time you read this. Not Financial Advice. Probably completely random nonsense.
I started buying some on the left shoulder while it fell in the target zone; I loaded the trade fully on 40x leverage after the right shoulder completed and broker through the zone of resistance.
Looking to see a break of $0.13, which is the top of the head pattern. If we see blow off top in crypto, it should break through decisively over the next 30 days and we could see low .20s
Anything is possible but I may be out of this trade by the time you read this. Not Financial Advice. Probably completely random nonsense.
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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.