The line (200ma) is just below the 50ma and the coins JUMPS up.
On a couple of occasions the 200ma has been ABOVE the 50ma and the coin has dipped then recovered towards and up trend AND then, gone UP again.
This only happens in the 1 HR. The 30 min TF shows that it is close with all Mas (7, 20, 50 & 200) bunching. Volumes are low – another indication
WHEN will the white meet the other lines (over night?? - OUCH - missed it). When they do meet up, will the white be above or below and for how long will it 'wiggle' before a move?
The 50ma is below for an UP. The 50ma is above for a down.
Right now, the 50ma is above - so not going up yet. BUT when, when when. It would be good to be 100% sure and to catch a good trade.
Local trends lines show consolidation with price action.
My gut says it could break upwards in the next few hours (or even in less than an hour). Not a massive jump, but significant enough.
Consolidation periods last from 2 days to 14 days - this one is 5 days & 8 hours so far.
My target would be (1) $146 and then (2) the old ATH of $155 and (3) a new ATH of around $175
My stop loss would be around $118.50
I have set up a limit order to trigger at $128.90 - this will prove the local break out and up. NOTE: It might re-test.
ALSO, it has to break the main trend line.
Only my thoughts and not financial advice. DYOR and check the charts.
On a couple of occasions the 200ma has been ABOVE the 50ma and the coin has dipped then recovered towards and up trend AND then, gone UP again.
This only happens in the 1 HR. The 30 min TF shows that it is close with all Mas (7, 20, 50 & 200) bunching. Volumes are low – another indication
WHEN will the white meet the other lines (over night?? - OUCH - missed it). When they do meet up, will the white be above or below and for how long will it 'wiggle' before a move?
The 50ma is below for an UP. The 50ma is above for a down.
Right now, the 50ma is above - so not going up yet. BUT when, when when. It would be good to be 100% sure and to catch a good trade.
Local trends lines show consolidation with price action.
My gut says it could break upwards in the next few hours (or even in less than an hour). Not a massive jump, but significant enough.
Consolidation periods last from 2 days to 14 days - this one is 5 days & 8 hours so far.
My target would be (1) $146 and then (2) the old ATH of $155 and (3) a new ATH of around $175
My stop loss would be around $118.50
I have set up a limit order to trigger at $128.90 - this will prove the local break out and up. NOTE: It might re-test.
ALSO, it has to break the main trend line.
Only my thoughts and not financial advice. DYOR and check the charts.