There goes another mundane day in crypto, so I decided to look into more weed stocks and Aurora looks pretty juicy.
Looking at 4 hour chart, Aurora just touched the descending blue trendline. In case of breakout, I will place buying order around $13 and get out around $15 which gives me decent 15% profit :)
I would give 75% chance of bull breakout as it needs to finish Elliot 5th Wave in order to complete the cycle. (Wave 3 is bigger than Wave 1, therefore we should have another wave)
Happy trading!
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Stick to the plan. There may be a potential fake out. Looking at 15 mins chart, we can clearly see things are getting pretty tense as the volume is increasing.
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Seems like Crypto traders and WEED traders are not looking to do anything this week.
We see that Aurora just hit ascending trendline and it seems like we will see breakout early next week. Bollinger band is tightening up which indicate incoming volatility. I am still somewhat bullish on this, but I am not touching this for now. Once again, stick to the plan. If you don't have a plan you will lose money.
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Clear breakout. I am getting in now.
Trade active
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So far so good! People are fomo'ing in! My sell order is around $14.8, but it may push to $15.
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US market is crashing, and it is affecting all the stocks. If Aurora goes below red ascending trendline, I am shorting.
I sold yesterday and now looking the entry point. Placed the order for 12 but not sure if it can be fill
x45lu
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@MilaZha, Personally, I am not looking to get in until $9.5 or $10 but let's see how everything go. It seems like it formed double top and looking for 0.382 or 0.5 fib retracement.
MilaZha
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Thank you for updates!
x45lu
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@MilaZha, No problem. I would probably short it before it's too late.