As you can see on the SBEV chart, there is a build-up of tension towards the end and an inverted hammer candle. The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed, but encountered selling pressure which drove prices back down to close near to where they opened. When encountering an inverted hammer, traders often check for a higher open and close on the next period to validate it as a bullish signal.
After this the price blew up from around 1.05 to 4.35 which is mor than a 4x
And now some math, if you had invested 100€ at 1.05, and cashed out at the top (4.35), you would now have 414€ which is 314€ made in only 3 days.
Here is the calculation: 100/1.05 = 95.238 95.238x 4.35 = 414,2853
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After this the price blew up from around 1.05 to 4.35 which is mor than a 4x
And now some math, if you had invested 100€ at 1.05, and cashed out at the top (4.35), you would now have 414€ which is 314€ made in only 3 days.
Here is the calculation: 100/1.05 = 95.238 95.238x 4.35 = 414,2853
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
Stay updated for more content
Bye!
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