Coin breaking out after a nice bounce this coin has some massive potential the only thing its missing is volume.
You can see on the A/D indicator volume is now returning and if we are patient we will get a really nice move with 50%+ profit potential.
In the past the coin had a 24 hour volume of over $65 million dollars and now its as little as $1 million dollars but is back accumulating funds ready for a nice move up.
Now you will see circled in red we have strong support around 8% below current price we have seen very aggressive buys not letting the price drop below here. This bottom is the same bottom it bounced from in November at around $2.20
The Aroon, has crossed on the 4H chart along with the 20 and 50EMA, also the RSI has been building momentum now for around 5 days ready for the break.
The coin has already started to move but we need to be careful with it being low volume as we will see large retraces as it moves it needs time to consolidate.
Targets are set in green, conservative entry won't be until the first 4H candle has closed over a target they will then buy and set stop loss below target.
As you can see we will face minor resistance at the 200EMA however we should push past it with current momentum.
Aggressive traders will open the trade now and be patient for the move.
Please do not expect this trade to develop in a short time frame these will take hours as each time the price goes up it needs to consolidate.
Cash is King
You can see on the A/D indicator volume is now returning and if we are patient we will get a really nice move with 50%+ profit potential.
In the past the coin had a 24 hour volume of over $65 million dollars and now its as little as $1 million dollars but is back accumulating funds ready for a nice move up.
Now you will see circled in red we have strong support around 8% below current price we have seen very aggressive buys not letting the price drop below here. This bottom is the same bottom it bounced from in November at around $2.20
The Aroon, has crossed on the 4H chart along with the 20 and 50EMA, also the RSI has been building momentum now for around 5 days ready for the break.
The coin has already started to move but we need to be careful with it being low volume as we will see large retraces as it moves it needs time to consolidate.
Targets are set in green, conservative entry won't be until the first 4H candle has closed over a target they will then buy and set stop loss below target.
As you can see we will face minor resistance at the 200EMA however we should push past it with current momentum.
Aggressive traders will open the trade now and be patient for the move.
Please do not expect this trade to develop in a short time frame these will take hours as each time the price goes up it needs to consolidate.
Cash is King
Comment:
Target 1 has been reached and we are looking good.
Comment:
BTC has taken a dive, with this trade if you have already sold you can hold through.
You can also profit from buying more of it while it dips.
You can also profit from buying more of it while it dips.
Comment:
Sorry this just made me think of Warren Buffett
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Comment:
Quick update any of you that were in this trade and didn't follow the stop loss directions don't stress too much its a sell off due to BTC the chart remains more bullish then bearish and we expect to bounce back quite well if BTC settles.
Comment:
Painful trade this one, it had broken out of consolidation too early and needs more time but chart still shows us we will break high
Comment:
Target 2 reached and moving onto target 3
