I'm looking at a SHORT just above our current level at the May-June 22' VAL (Value Area Low) + Descending Trend line (light blue) intersection.
As expected, we are getting some light volume price movement giving us an opportunity on Tuesday when the market opens to push price, towards the bottom of the range or the channel (dark blue).
This will also be my trigger to look at other crypto assets that are lining up to layer in extended volatility positions.
I would be interested in a LONG if we came above that level and retested the Descending Trend line or the VAL with good momentum waves and increasing moneyflow.
You can do this with the Tradingview Screener Tool, using RSI as your filter. (I use two RSIs to filter down to the pairs I would be interested in.)
Good Luck!
As expected, we are getting some light volume price movement giving us an opportunity on Tuesday when the market opens to push price, towards the bottom of the range or the channel (dark blue).
This will also be my trigger to look at other crypto assets that are lining up to layer in extended volatility positions.
I would be interested in a LONG if we came above that level and retested the Descending Trend line or the VAL with good momentum waves and increasing moneyflow.
You can do this with the Tradingview Screener Tool, using RSI as your filter. (I use two RSIs to filter down to the pairs I would be interested in.)
Good Luck!
Comment:
Guess we nailed it.
