Currently price is consolidating in support (pink block) right now. Ideally I would link to see price close above pink support first.
RSI is slowly moving towards 42, which means it is still in a range. Which could work for a grid bot. Not so good for trend traders. 'll be waiting for confirmation from the Supertrend Ninja indicator. And a close above pink support. Ideally I would like see some more green blocks on the Heikin Ashi indicator below as well. Before entering any trades. I have also drawn two grey resistance areas for the people interested.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator gave only 3 bullish signals for the 2 day chart in 2021. And 4 bullish signals in 2020. Including two monstertrends (displayed with Purple dollar signs) triggered bij Elon Musks tweets. And a smaller third trend on 5th of July 2020 (pump of 86%). This indicator showed bullishness well before the tweets of Elon Musk. Which helped me a lot.
Thank you for reading.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades.
Past performance is no guarantee of future returns.
RSI is slowly moving towards 42, which means it is still in a range. Which could work for a grid bot. Not so good for trend traders. 'll be waiting for confirmation from the Supertrend Ninja indicator. And a close above pink support. Ideally I would like see some more green blocks on the Heikin Ashi indicator below as well. Before entering any trades. I have also drawn two grey resistance areas for the people interested.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
The Supertrend Ninja indicator gave only 3 bullish signals for the 2 day chart in 2021. And 4 bullish signals in 2020. Including two monstertrends (displayed with Purple dollar signs) triggered bij Elon Musks tweets. And a smaller third trend on 5th of July 2020 (pump of 86%). This indicator showed bullishness well before the tweets of Elon Musk. Which helped me a lot.
Thank you for reading.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades.
Past performance is no guarantee of future returns.
Beware of scammers. I do NOT have Telegram, Discord, Instagram, Twitter, Youtube or Facebook.
Tradingview is the only channel I use.
Tradingview is the only channel I use.