Another great asset which has underperformed in this bullish market is LAMB. It is not listed on many exchanges therefore price and therefore patterns differ significantly. Volumes do not suggest that it was accumulated as other assets therefore it might go down from the higher line of the triangle. But in case of a breakout we can see a strong movement upwards. Anyway it is better to long on a bullish market than to short.
It might be reasonable to buy on a breakout or wait a correction in case it happens. But at least a 100% move can be expected in case of a breakout.
It might be reasonable to buy on a breakout or wait a correction in case it happens. But at least a 100% move can be expected in case of a breakout.
Comment:
Correction indeed happened and by sticking to the plan we can cost average/ start accumulating position from 0.22 to 0.016 and wait for a breakout.
Comment:
Exactly what we were looking for. Just as planned, a small correction which could allow you to buy at 0.22 and then upward movement breaking out of triangle, making it our support now. First stop is at 0.07 and then if we break it, 0.14
Comment:
Everything went according to the plan. Since we've broken the resistance, new one will be around previous ATH (0.24)
Comment:
Seems that it was a fake break, therefore we need to wait for close of the candle. But at least this resistance worked perfectly.