Quick TA on NCASH -
Following the massive breakdown on NCASH, we have found ourselves in a falling wedge pattern. The likelihood of this pattern breaking upward is higher than it breaking down from here, but keep in mind we have a 25-35% risk that it could go lower.
Tendencies of this pattern include false breakdowns/breakouts. These fakeouts will be outside of the wedge , so be ready to take a position going the opposite way once the fakeout hits. I've noted some potential price points depending on when the fakeout occurs.
Keep in mind this is not financial advice, but how I might be playing my cards
Good luck
Following the massive breakdown on NCASH, we have found ourselves in a falling wedge pattern. The likelihood of this pattern breaking upward is higher than it breaking down from here, but keep in mind we have a 25-35% risk that it could go lower.
Tendencies of this pattern include false breakdowns/breakouts. These fakeouts will be outside of the wedge , so be ready to take a position going the opposite way once the fakeout hits. I've noted some potential price points depending on when the fakeout occurs.
Keep in mind this is not financial advice, but how I might be playing my cards
Good luck
Trade closed manually