On the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
トレード稼働中
ノート
Back up truck and scoop up the scraps from those still selling after a 90% correction. GRM support is currently under test.トレード稼働中
support confirmedトレード稼働中
GRM support has now confirmedノート
45% so farノート
100% in a little over two months.トレード稼働中
wink wink nudge nudgeノート
50 cents is likely to be strong resistance, it was where market structure previously broke. Look left.免責事項
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
