On the above 5-day chart price action has corrected 98%. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence over a extended period.
3) The falling wedge breakout with target as measured from high to low touch points (blue circles).
4) A few other reasons, especially on the higher time frames.
Is it possible price action corrects further? Sure. Even after a 98% correction sellers are still selling, that takes a special mindset ;-)
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for executing long: This month
Return: 3000%
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence over a extended period.
3) The falling wedge breakout with target as measured from high to low touch points (blue circles).
4) A few other reasons, especially on the higher time frames.
Is it possible price action corrects further? Sure. Even after a 98% correction sellers are still selling, that takes a special mindset ;-)
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for executing long: This month
Return: 3000%
Trade active
Note
50% so far...Trade active
GRM support confirmed.Note
Support confirmed, for what it's worth.
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.