I first bought Frontier Wallet under 20 cents, and have been trading in an out since. I actually sold quite a bit around 70 cents and a dollar, so this is not something that I was looking to add more to… but now it has one of the most appealing charts I can find.
You always have to pay attention when a coin shows relative strength on days when everything else is red. Further, this is attempting to make a new all time high, and you know that blue sky breakouts are some of my favorite setups.
It is hard to buy this on a huge candle, not something I would ever recommend. This is more about putting this on your radar for dips, as it is clearly a big winner with real volume on a down day.
It has already closed the daily above the previous all time high, with a perfect retest as support. I would love to see the weekly do the same thing.
You always have to pay attention when a coin shows relative strength on days when everything else is red. Further, this is attempting to make a new all time high, and you know that blue sky breakouts are some of my favorite setups.
It is hard to buy this on a huge candle, not something I would ever recommend. This is more about putting this on your radar for dips, as it is clearly a big winner with real volume on a down day.
It has already closed the daily above the previous all time high, with a perfect retest as support. I would love to see the weekly do the same thing.
scott.melker@texaswestcapital.com