On the above 2-day chart price action has corrected 50% since last October. Now is a good long moment. Why?
1) Price action and RSI resistance breakouts.
2) Support on past resistance confirms. (green circles)
3) The Bull flag confirms forecasting a 150% move to 45 cents.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6%
Long from: 20 cents
Return: 150%
1) Price action and RSI resistance breakouts.
2) Support on past resistance confirms. (green circles)
3) The Bull flag confirms forecasting a 150% move to 45 cents.
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6%
Long from: 20 cents
Return: 150%
Trade active
Note
support confirmedNote
Questions already, that last update should have read:"GRM support confirmed"
In a bull market longs buy the dip at the golden ratio. Just psychology.
This is what the update "GRM support confirmed" refers.
It is an incredibly powerful indication that the uptrend is in continuation.
Trade closed: target reached
300% instead of 150%.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.