On the above 11 day chart price action has corrected 95% since early 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support on past resistance. Look left.
3) Bullish divergence. Multiple oscillators print positive divergence with price action across a 55 day period.
4) The Bull flag. The support on past resistance confirms the flag pattern. A repeat of the impulsive move in 2021 will take price action to the $4 area with a 7000% return.
Is it possible price action corrects further from 95%? Sure. Sellers love it.
Is it probable? No.
Ww
Type: trade
Risk: You decide
Timeframe for long: This month
Return: 7000%
1) Price action and RSI resistance breakouts.
2) Support on past resistance. Look left.
3) Bullish divergence. Multiple oscillators print positive divergence with price action across a 55 day period.
4) The Bull flag. The support on past resistance confirms the flag pattern. A repeat of the impulsive move in 2021 will take price action to the $4 area with a 7000% return.
Is it possible price action corrects further from 95%? Sure. Sellers love it.
Is it probable? No.
Ww
Type: trade
Risk: You decide
Timeframe for long: This month
Return: 7000%
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.