The price is forming The Ascending Triangle pattern which is usually formed during an uptrend and considered as continuation pattern. There was already one fake break out and returned inside this pattern. Buy orders should be set above this pattern and swing high of 16 level. RSI and MACD are both supporting uptrend continuation. Notable thing is that when the price moves above MA50 level it is a strong buy signal.
Price fell under 11.6 but quickly rejecting it and bounced back up. This is strong indication that the markets wants to move further upward. .382 is considered as golden ratio.
Also the chart is showing a bullish reversal pattern which is double bottoms.
Lucky those who managed to buy under 10usd with these bargain prices. Stop orders need to be set below bottom level of the pattern and under strong support level. It is strongly advised to use stop-loss orders.
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Trading Information:
Buy: Above 16 level
Partial Profit Target: 19 level
Main profit targets: 21.5 & 25.8 levels
Longer term Target: 28 level
Stop Loss: 10.8
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
Price fell under 11.6 but quickly rejecting it and bounced back up. This is strong indication that the markets wants to move further upward. .382 is considered as golden ratio.
Also the chart is showing a bullish reversal pattern which is double bottoms.
Lucky those who managed to buy under 10usd with these bargain prices. Stop orders need to be set below bottom level of the pattern and under strong support level. It is strongly advised to use stop-loss orders.
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Trading Information:
Buy: Above 16 level
Partial Profit Target: 19 level
Main profit targets: 21.5 & 25.8 levels
Longer term Target: 28 level
Stop Loss: 10.8
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
Trade active:
Partial & first main profit target reached!
Trade closed: target reached:
All targets reached! Enjoy your profits ^^
