Be careful chasing The Graph

18 janv. 2021

It's been a great week for The Graph. While I do think it will continue upward to complete the cup pattern, I suggest caution. Volume has started to pick up, however it's trending towards daily exhaustion. Current levels aren't huge accumulation zones so I would recommend either a short term play with an exit around the previous resistance zone of .80. Or if you are long this Ethereum token I would wait for this current upswing to play out and then wait for it to pull back and consolidate into a cup with handle. You could then consider jumping into the mid to high .30 zone which have generally held support and are significant accumulation zones.

14 févr. 2021

Ordre annulé

Messed this one up, while it did continue upward it smashed thru all previous support zones. It consolidated, although never to the mid .30s and only briefly at the high .30. If you peeled off some profits around .80 you could have hung on and banked a lot more now that it finally appears to be consolidating.