Hi guys,
We reached our target of 0.025 of the last post. I was betting on a bullish run and entered at 0.018. Now, we at 0.031. DO we sell and hope to catch a dip ? Too early at my taste to propose such move.
1. We know that a weekly MACD signal crossover and double bottom are bullish and reliable. Weekly crossover indicate mid-term to long term trend. Google is your best friend if you want to know more about bullish and bearish MACD signal crossover
2. Weekly RSI shows no overbought :
3. We have an Expanded flat correction that I project that it seems to be finish. Normally, after expanded flat correction we see bullish impulse : Expanded flat correction meaning in trends : ewminteractive.com/w...ding-flat-primer.png
4. We are currently testing a 2 year resistance. Outcome might be profitable.
5. 0.025 act now like a support. I expect if we break this resistance to go fast at the weekly MA50 at 0.04.
I will post a daily microTA tomorrow or monday.
We reached our target of 0.025 of the last post. I was betting on a bullish run and entered at 0.018. Now, we at 0.031. DO we sell and hope to catch a dip ? Too early at my taste to propose such move.
1. We know that a weekly MACD signal crossover and double bottom are bullish and reliable. Weekly crossover indicate mid-term to long term trend. Google is your best friend if you want to know more about bullish and bearish MACD signal crossover
2. Weekly RSI shows no overbought :
3. We have an Expanded flat correction that I project that it seems to be finish. Normally, after expanded flat correction we see bullish impulse : Expanded flat correction meaning in trends : ewminteractive.com/w...ding-flat-primer.png
4. We are currently testing a 2 year resistance. Outcome might be profitable.
5. 0.025 act now like a support. I expect if we break this resistance to go fast at the weekly MA50 at 0.04.
I will post a daily microTA tomorrow or monday.
Trade closed: target reached:
so it seems that price hit what i projected. A fast rise to 0.04 to MA50 and little pullback. I will post new target tomorrow or this week. if price sustain at this lvl the new support is around 0.031 :
If price sustain at this lvl i expect the next target to be 0.08 at MA100
Daily shows overbought but MACD still looking good. so lateral price movement for few days if the most probable pathway IMO (yellow square) :
If price sustain at this lvl i expect the next target to be 0.08 at MA100
Daily shows overbought but MACD still looking good. so lateral price movement for few days if the most probable pathway IMO (yellow square) :
