1INCH 🦄 Ichimoku Weekly Breakout! | Profits Plan
Hey guys!
Analyzing past movements, we can see price used to move inside a downwards channel until it broke out from it. But not only that, it broke out and pierced through the Ichimoku Cloud in the weekly timeframe which is huge!
So here's some plan:
1) Condition: -price must breakout from 0.58 towards the upside. After that, it should re-test the zone to give a chance to get into a trade. (DONE)
2) We can set targets 0.90 - 1 dollar mark
3) If price closes above 1.10 we can expect a move towards the following target zone: 1.60 - 1.90
4) For the bears scenario (we must include it even if we feel might not happen at all) Price could fall back into the range and give an awesome opportunity to buy lower even. And a realistic price would be around 0.27 but BEST optimal would be at around 0.20
Let's see how it plays out!
Kina Tip of the Day: My ideas and trades are all for SPOT modality. I don't recommend futures trading unless you really know what you're doing and you're up to get glued into the charts. If you want to live your life and still make money then relax, sit back, analyze and create your own strategy that could be based from another teacher but you must feel connected to it otherwise it won't work in the long run, no matter what you do. So, never give up and keep fighting for independence.
Keep it Shiny! ✨
Kina, The Girly Trader
Analyzing past movements, we can see price used to move inside a downwards channel until it broke out from it. But not only that, it broke out and pierced through the Ichimoku Cloud in the weekly timeframe which is huge!
So here's some plan:
1) Condition: -price must breakout from 0.58 towards the upside. After that, it should re-test the zone to give a chance to get into a trade. (DONE)
2) We can set targets 0.90 - 1 dollar mark
3) If price closes above 1.10 we can expect a move towards the following target zone: 1.60 - 1.90
4) For the bears scenario (we must include it even if we feel might not happen at all) Price could fall back into the range and give an awesome opportunity to buy lower even. And a realistic price would be around 0.27 but BEST optimal would be at around 0.20
Let's see how it plays out!
Kina Tip of the Day: My ideas and trades are all for SPOT modality. I don't recommend futures trading unless you really know what you're doing and you're up to get glued into the charts. If you want to live your life and still make money then relax, sit back, analyze and create your own strategy that could be based from another teacher but you must feel connected to it otherwise it won't work in the long run, no matter what you do. So, never give up and keep fighting for independence.
Keep it Shiny! ✨
Kina, The Girly Trader
Comment:
If it keeps dropping we can find as the optimal buy zone by 0.27 zone! Stay sharp for that sniper entry!
Comment:
It hasn't broken through the cloud yet BUT it has bounced from it which is a very bullish sign going forward. Possible re-test of the trendline, awaiting confirmation by a break and close above the cloud once again.