Critical points occurring

2021年7月7日

Hi Folks,

As I have been start reading the book of John. J Murphy / Technical Analysis of the Financial Markets I feel I am really developing as a trader, at least I try.
As the most important factor of reading, I think, is to apply what you read. So I would like to point out new ideas..

I am interested in Zilliqa on the term and also on the short term for more trading opportunities so I check the chart daily at least weekly for any developments.

I see critical levels to be tested in the On balance volume and at the momentum oscillator.

As the price action is circulating around the support level the On balance volume is fighting resistance.
I find this very interesting because in my opinion price is lagging volume. If we see volume increase prices will follow and vice versa.

I find this a low risk buy opportunity and I have taken my position with a tight stop loss.

As in momentum oscillator my opinion is the more a value is tested the more significant it becomes. So in other words the more no's you have the closer you become to a YES as in Sales.

Thereby Ethereum is gaining strength in the markets and alt coins are very related to Ethereum.

But the most important lesson is as even if all the signals are at green there is always a good possibility that things turn out different.

So thanks for checking the update.
If you like the content and the idea please like/comment and follow for more to follow.

Quote of the day;
Invest in yourself it will pay off one day!