I am not even getting into cryptocurrency anymore unless Bitcoin goes above $6650. So while I am waiting, I invested some of my portfolio into AKER.
To be honest, I have no idea what they do, but the chart looks very promising. Looking at weekly chart for AKER, we see that there were almost 10 months of bear market, and we see that clear trend reversal supported by huge buying volume. There were just MACD crossover recently, and both RSI and Stoch RSI is pointing upward, signalling bull market. This will be somewhat a long term investment, but 50% profit are almost guaranteed if you hold it until $0.6. $0.8 might be a little stretch, but if you hold enough it will get there :) (100% profit!!)
How do you estimate a time frame for your trades? I'm pretty decent at figuring out support and resistance levels, but I can't figure out how people predict a certain movement within an anticipated time frame. For example, on this set up do you have a rough estimate of when you think it might hit $.6 vs. $.8? If so, would you mind sharing how you figure it?
x45lu
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@kStarr0914, There is no time frame for this trade. It can be tomorrow, or it can take few weeks for it to develop. This will not be a short term trade.