Hello all!
I want to explain the lines on my screen here.
The most important line in play is THE DOWNTREND LINE! Until we break out from this longterm downtrend line we ain't goin nowhere! ( line goes from upper left to lower right)
#2 the LONG TERM UPTREND LINE! If we get a pop break out this is resistance until we confirm above this! After that it is SUPPORT!
#3 is the bottom RSI indicator. Triple bottom and moving up for now.
If you want to be safe wait for all these three to confirm and buy. Keep an eye out though this might happen fast once it happens, I am not saying it will happen soon!
Obey the horizontal lines they are long term support/resistance lines.
THIS IS LISTED AS NEUTRAL BUT I AM IN LONG and ready to sell if we break lower. anything under the 2475 mark is baaaaad SO : tight stops for the drops and sell at fib resistance if breakouts dont confirm above
or just HODL and if you are why read this?
I want to explain the lines on my screen here.
The most important line in play is THE DOWNTREND LINE! Until we break out from this longterm downtrend line we ain't goin nowhere! ( line goes from upper left to lower right)
#2 the LONG TERM UPTREND LINE! If we get a pop break out this is resistance until we confirm above this! After that it is SUPPORT!
#3 is the bottom RSI indicator. Triple bottom and moving up for now.
If you want to be safe wait for all these three to confirm and buy. Keep an eye out though this might happen fast once it happens, I am not saying it will happen soon!
Obey the horizontal lines they are long term support/resistance lines.
THIS IS LISTED AS NEUTRAL BUT I AM IN LONG and ready to sell if we break lower. anything under the 2475 mark is baaaaad SO : tight stops for the drops and sell at fib resistance if breakouts dont confirm above
or just HODL and if you are why read this?
Comment:
The 15, 30 minute charts look like 2700-2800 everything lines up to break resistance and take off. A little volume happening now and action on the 1 and 5 minute charts could lead to the 15 and 30 going into an uptrend. Any failure here is to be sold.
Comment:
REJECTION! Not looking good right now. We need a hard break to the upside or I am out!