On the above weekly chart price action has corrected 96% since late 2021. A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes.
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over a one month period. This includes money flow.
4) The falling wedge forecasts a 2600% move from the breakout point as measured from the lowest and highest touch-points (blue circles).
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: Yesterday
Return: 20-25x
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes.
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over a one month period. This includes money flow.
4) The falling wedge forecasts a 2600% move from the breakout point as measured from the lowest and highest touch-points (blue circles).
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: Yesterday
Return: 20-25x
Transaction en cours
Next resistance is around 40 cents and then $3Note
Past resistance confirms support.Note
Someone ask about this one... Daily chart looks very ugly at the moment.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.