Let's start:
Assumptions:
- All informatin is processed in the prices
- rates are moving in trends
- history repeats it's self
1 week chart:
When i opened the 1 week i draw a cup and saw that the handle was forming. That is an Bullis Sign, what made it verry interisting for me to study.. Handle means downwards.. So, that means the daily chart must be BEARISH for the coming days??
For now let's check the indicators first before we go to the daily charts..
MACD: Bullish and have a lot of room to continue the growth
RSI: In the neutral zone, have lot of room to growth
DMI:Positive (Short term crossed the long term line and ADX turning upside!)
WMA: Positive, candlestiscks are upside the WMA line
Looks verry Bullish for the coming months!!
Now we are zooming in the daily chart.. We saw that we are in the handle phase, sow that means that we nead a bearish sign for the coming day(s)..
As we can see it is getting downwards (no panic, we were waiting for this)
MACD: Bearish
RSI: In the neutral zone
DMI:Bearish
WMA: Bearish, candlestiscks are downside the WMA line
Buy: 35000 - 45000
T1: 51402
T2: 83559
T3: 106145
T4: 128731
T5: 156677
T6: 201850
STOP LOSS: 30000
Summary:
As we expected this coin is getting down, to finish the handle.. If the handle is complete we will see an reversal sign with an long greend candle.. I am waiting for this candle.. If u need more confirmation for the bullish signs, then u can also wait for the next signs:
RSI falls around 40 points and then will go upwards, MACD short (blue) will cross long (orange) upwards around the 0 point (middle line). The DMI gives a sign when a new trend comes. If the short (blue) line crosses the long line (orange) and the ADX line will go upwards (red line), then we have a sign of Bullis trend.
Have fun!
RULES:
1. always take full responsibility for the results yourself;
2. spread the risks, because spreading is making happy;
3. develop an investment method that is SMART;
4. develop its own vision on the functioning of the financial markets;
Assumptions:
- All informatin is processed in the prices
- rates are moving in trends
- history repeats it's self
1 week chart:
When i opened the 1 week i draw a cup and saw that the handle was forming. That is an Bullis Sign, what made it verry interisting for me to study.. Handle means downwards.. So, that means the daily chart must be BEARISH for the coming days??
For now let's check the indicators first before we go to the daily charts..
MACD: Bullish and have a lot of room to continue the growth
RSI: In the neutral zone, have lot of room to growth
DMI:Positive (Short term crossed the long term line and ADX turning upside!)
WMA: Positive, candlestiscks are upside the WMA line
Looks verry Bullish for the coming months!!
Now we are zooming in the daily chart.. We saw that we are in the handle phase, sow that means that we nead a bearish sign for the coming day(s)..
As we can see it is getting downwards (no panic, we were waiting for this)
MACD: Bearish
RSI: In the neutral zone
DMI:Bearish
WMA: Bearish, candlestiscks are downside the WMA line
Buy: 35000 - 45000
T1: 51402
T2: 83559
T3: 106145
T4: 128731
T5: 156677
T6: 201850
STOP LOSS: 30000
Summary:
As we expected this coin is getting down, to finish the handle.. If the handle is complete we will see an reversal sign with an long greend candle.. I am waiting for this candle.. If u need more confirmation for the bullish signs, then u can also wait for the next signs:
RSI falls around 40 points and then will go upwards, MACD short (blue) will cross long (orange) upwards around the 0 point (middle line). The DMI gives a sign when a new trend comes. If the short (blue) line crosses the long line (orange) and the ADX line will go upwards (red line), then we have a sign of Bullis trend.
Have fun!
RULES:
1. always take full responsibility for the results yourself;
2. spread the risks, because spreading is making happy;
3. develop an investment method that is SMART;
4. develop its own vision on the functioning of the financial markets;
Trade closed: stop reached
