On the above weekly chart price action has corrected 96% since late 2021. A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action prints multiple weekly candles on past resistance. Oh yes.
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over a one month period. This includes money flow.
4) The falling wedge forecasts a 2600% move from the breakout point as measured from the lowest and highest touch-points (blue circles).
Is it possible price action corrects further? Sure. Is it probable? No.
Ww
Type: Trade Risk: <=6% Timeframe for long: Yesterday Return: 20-25x
Trade active
⋅
Next resistance is around 40 cents and then $3
Comment
⋅
Past resistance confirms support.
Comment
⋅
Someone ask about this one... Daily chart looks very ugly at the moment.
Wow look at the comments below, I feel sorry for these folks. They traded another one of these sure fire 10-20x ideas and are going to get burned. This is why you only depend on yourself, not others who will just use you to make money for themselves. See how fast he can pivot when only a few months ago it was "past resistance confirms support". I guess that support was on crutches?
You see when it works it's "told you so" and when it doesn't, well, you usually don't even get another update until it's fallen 50-90% from the time the idea posted, then pumps 30% randomly as if that's something great. At least this time, he acknowledged the bear market conditions that currently exist. Won't be just this one though, it will be others too.
Hopefully some people are starting to catch on now, but I doubt it.
@ahmetnmsl, For the overall market yes. I've not studied CHESS in some months...
lablanche3511
⋅
Big boss I trust you.I deposited 1000 USDT. I will get married. I need money thanks for sharing information It doesn't matter if I don't win, maybe I can win in love......))))))
without_worries
⋅
@lablanche3511, Congratulations. Does your significant other agree on the trade?! Don't keep secrets. If you need money, get a job. If you have extra money you don't need, invest it!
lablanche3511
⋅
@without_worries,You're great boss,Thank you for your nice thoughts .I have work (in a group of hotels in Turkey)The problem is that there is tremendous inflation.)))) I take your warnings into consideration.I Took this money, it's too late now..))))))Best regards,