Hi, This is iJustCoin, the one lucky trader who puts his money where his mouth is!
Using Green Dashed lines i plotted a momentum where Red RSI and Blue LSMA went above level 50. Both of them above level 50 means the price action on this 3D timeframe is likely to continue going up.
The question is will we have Red RSI and Blue LSMA above level 50 at the beginning of April?
If we do so than how high the price action might go?
Using FIB Extension and Pitchfork i am predicting the price action might run up to the Red Rectangle. Red Rectangle reflects both the 3.618 FIB Extension and the top channel of the Pitchfork on this log chart. I am expecting the price range between $1.75 and $1.17.
But before we do this we MUST estabish Green Rectangle as our support. So the $0.06 level must become a support to provide a possibility to continue going up.
What if we do not see Red RSI and Blue LSMA both above level 50 at the early April?
Than we might expect a dip down to $0.035 - $0.013 area. That's a BROAD price range. But if you take a look at Yellow Circles you may find that we have a chance to repeat March 2019. But that is not guaranteed just yet, because AT THE MOMENT Red RSI and Blue LSMA both are going up.
I believe that we are going up right form here we are. But that's my bet, i am OK to loose the money i am betting.
If you didn't click Like - you should do that right now.
Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
And make sure you FOLLOWED me here on TradingView!
Bye-bye! Good Luck!
*** Chart Code: Blue Bold Dotted Line - Decreasing of Selling Volume Purple Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area Red Rectangle - Selling Area
Red Line - Stop Loss Blue Dotted Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit ***
Love this chart by the way. Agreed that anything in the neighborhood of $0.13 is a great buy. I suspect other contrarian/value investors see it this way as well. I could see it do at least a 10x from $0.13.
Eightchains
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Good to see you using the pitchfork and FIB extension. Swing trading is my favorite.
lillychiu
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@ijustcoin Hi Sir, can we still expect to long entry for $0.013? Your comment is made in March, and we are in June now.