UNISWAP has broken out of large pennant flag with retest of the Trendline and bounce above last candle high. Rising MACD with cross Above ZERO Line. Similar chart to LINK, ALGO, and so many other crypto charts. RISK 1% of my account.
Entry = $ 26.70
SL = $21.82
TP = $53
R = 5.4
Entry = $ 26.70
SL = $21.82
TP = $53
R = 5.4
Transaction en cours:
Slightly losing trade so far. Will hold positions steady. Not looking to ADD to position,....YET. Need some patience to let this trade evolve.
Transaction en cours:
Ugh,....still struggling on this trade despite crypto going higher today. Will need to reevaluate this one if I want to give it more time or not.
Transaction en cours:
Just looked at this chart for 1st time in a day,....Seriously?? Thats the best this thing could do while BTC and ETH make new ATH and many other Altcoins start to launch?? Pathetic!!
Losing my patience on this one. Will see what other trades I come up with to see if this capital is better used on those trades instead. May be cutting this one loose soon.
Losing my patience on this one. Will see what other trades I come up with to see if this capital is better used on those trades instead. May be cutting this one loose soon.
Commentaire:
FINALLY some movement. Patience pays off. Looks like we broke above resistance today as well. Looking good. Lets see where the day ends.
Commentaire:
Well so much for that breakout sticking. We seem to be testing TL support again. This one and other crypto trades I have are underperforming the rest of my portfolio. If this one gets hit harder than most crypto in the pullback that appears to have started then I will exit this trade look for other opportunities to deploy my capital.
Decision time soon for UNI, THETA, and TFUEL.
Decision time soon for UNI, THETA, and TFUEL.
Transaction en cours:
Contraction of Price like a coiled sspring with expected Price breakout soon. Some BEARISH indications on my charts!!
When there is Price contraction as shown easily with Bollinger Bands (see chart below) I know this indicates potential price expansion that could be rather violent!! Question is WHICH DIRECTION?? Usually I look at some volume indicators to help guide me. EMy favorite one is Chaikin Money Flow which obviously measures the flow of money into an asset. If that is Positive or Rising then breakouts are USUALLY to the upside (people are accumulating positions). When Negative or Falling then breakouts are USUALLY to the downside (people are liquidating positions).
As you can see on the chart posted below CMF is currently Falling and Negative. That is a BEARISH signal.
Trading is all about probabilities and playing those probabilities in your favor. We are starting to see some probabilities stacking up against this trade being a winner. I will hold for now but I will be watching this one closely to see if momentum changes and may close the trade if I see more BEARISH indications building up.
For now, NO Changes.
When there is Price contraction as shown easily with Bollinger Bands (see chart below) I know this indicates potential price expansion that could be rather violent!! Question is WHICH DIRECTION?? Usually I look at some volume indicators to help guide me. EMy favorite one is Chaikin Money Flow which obviously measures the flow of money into an asset. If that is Positive or Rising then breakouts are USUALLY to the upside (people are accumulating positions). When Negative or Falling then breakouts are USUALLY to the downside (people are liquidating positions).
As you can see on the chart posted below CMF is currently Falling and Negative. That is a BEARISH signal.
Trading is all about probabilities and playing those probabilities in your favor. We are starting to see some probabilities stacking up against this trade being a winner. I will hold for now but I will be watching this one closely to see if momentum changes and may close the trade if I see more BEARISH indications building up.
For now, NO Changes.
Trade fermée manuellement:
Getting a SELL Signal forming today and despite plans to wait this one looks less and less like a BUY anymore.
Closed Trade for small loss.
Closed @ $24.8124
Closed Trade for small loss.
Closed @ $24.8124
