Experimenting with no wicks. Still learning and here are my thoughts.
Short term bearish: 1. Rising wedge developing 2. Bearish divergence vs. RSI 3. Potential bearish divergence in the making vs. STOCH
Overall very bullish based on high time frames: 1. Price above the kumo on 1D/2D 2. Lagging span currently above the kumo and price on 1D/2D 3. Bullish TK cross above kumo on 1D and currently shows a bullish TK cross forming above the kumo on the 2D
Expecting a move down to the buy area and bounce/move up to the target. With patience, I think this has potential for some great gains. Target may be conservative since i'm not using wicks. Critique and feedback always welcome.
I would look at the weekly RSI and wait for the next weekly bounce up. Last 3 weeks the wicks show that the bears want to run this one down further.
eso773
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@keifer, Gotcha, appreciate the insight. Not sure why, but I never took the time to learn about various candles/wicks and always kinda overlooked it. But after some basic research, I see what you mean. They definitely do tell a story and need to be learned. Thanks again.
keifer
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@limsw, I been looking for opportunities through the weekly vs what is happening now. However some coins may go to nothing, with that said, keep a tight stop loss on potential targets.
keifer
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@limsw, BTW, candle reading alone is essential to learn. It tells the story of where everything is going. Then we can use everything else for TA, only after we read the candle or candles.
eso773
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@keifer, Yep, you're right and I can see that now. Got my new learning objective for this week lol.