I'm just a monkey, *SKRIEEEEEE*, so don't take me seriously for your own good! @(o.o)@
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My idea consists on several factors.
We're currently inside a downtrend channel. We've been in the downside of the bollinger bands this year almost constantly and it can be expected to happen again at the end of the month. I'm basing my prediction here in 'some lines' I drew, historical data from previous bursts and volume. We have seen last week a big volume, but it's not the huge spike we've been waiting for. The volume will likely arrive next week if we move according to the historical graphs. We have broken below EMA200 in the daily chart which undermines the historical data of previous bubble bursts since we have barely gone under it since 2017-09-05, but the shape is the same.
That's the idea in a nutshell. The rest can be checked from the graph: MACD and RSI both in the muds, so a reversal will happen sooner or later.
If i were to trade, my Buy-target would be around 400's, sell target around 600's just to be safe before colliding with EMA200 coz ima wansypansy :D
PS. any comments are welcome
__
I'm just a monkey, *SKRIEEEEEE*, so don't take me seriously for your own good! @(o.o)@
__
My idea consists on several factors.
We're currently inside a downtrend channel. We've been in the downside of the bollinger bands this year almost constantly and it can be expected to happen again at the end of the month. I'm basing my prediction here in 'some lines' I drew, historical data from previous bursts and volume. We have seen last week a big volume, but it's not the huge spike we've been waiting for. The volume will likely arrive next week if we move according to the historical graphs. We have broken below EMA200 in the daily chart which undermines the historical data of previous bubble bursts since we have barely gone under it since 2017-09-05, but the shape is the same.
That's the idea in a nutshell. The rest can be checked from the graph: MACD and RSI both in the muds, so a reversal will happen sooner or later.
If i were to trade, my Buy-target would be around 400's, sell target around 600's just to be safe before colliding with EMA200 coz ima wansypansy :D
PS. any comments are welcome
__
I'm just a monkey, *SKRIEEEEEE*, so don't take me seriously for your own good! @(o.o)@
Comment:
Comment:
Closing to the buy-zone. Keep eyes peeled for reversal signs before buying in.
And this for closeup:
I know the daily hasnt closed yet, but I presume it will not go any lower than 505 for today. Fibo resistances short term 391.