Following a correction of almost 90% since Mid-August and oversold condition (orange column) there is now an ‘incredible buy’ opportunity.
On the above 1-day chart price action has confirmed a regular bullish divergence between price action and the oscillators together with increased volume = very bullish.
1st target $3.05
2nd target $7.20
This trade remains valid from price action remaining above 73 cents.
On the above 1-day chart price action has confirmed a regular bullish divergence between price action and the oscillators together with increased volume = very bullish.
1st target $3.05
2nd target $7.20
This trade remains valid from price action remaining above 73 cents.
Trade active
The power of a weekly DOJI candle - never never ignore.Note
10-day chart below prints a new candle - what a chart - almost tempted to take a position, but then that would mean studying more charts than I'm comfortable with.What's going on here? On the 10-day chart the green line is the 21-week / 150 day moving average. Price action finds support on the moving average with a long tail below. Holders of Swipe are likely to see some strong upside in the weeks ahead.
Note
2nd target update. After a period of study I'm reasonably confident in updating the original $7.20 target to $17.20. Which would take Swipe market capital to just over $1billion, not unreasonable in the scheme of things.Trade active
Expecting the next leg up to take price action to target as the 10-day chart below resolves the current accumulation pattern.The Binance version of Compound is paying almost 20% for Swipe token holders at the moment. Gain setting = moon.
strike.org/
Trade active
Note
PS: if you want to use my indicators then use the BTC address below and a memo of your Trading view name.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.