- Don't be overly optimistic. No moons in April. Reasons in ideas below;
- Short-term support (the green line) confirmed 6 times - a good TP for scalping. Resistance confirmed only twice. Also a popular price level at $1.18-$1.20 (adequate starting point);
- The yellow dashed resistance from last two breakouts (to $1.48 and to $1.28) just got disregarded. Awaiting for $1.28755 resistance level to be put in question on April 9th;
- Support from the last two huge troughs (from $0.98 and $1.05) to be put in question shortly thereafter (April 15th or 19th). After these two questionings an ascending flat top possible (up to May 4th);
- For the next two weeks an optimistic opportunity for 65%-gain possible (realistically - 15-45%);
- Using log scale and predicting moves on data 3+ weeks old is useless;
- Hope my predictions will be smashed by a huge optimistic signal, 'cause it's the only thing able to change the situation now;
These have been observations from a rookie trader. Your reaction - your problem.
