This is the holy grail of catching the lows in a trade. As you can see from the chart there is an adherence to it's trend.
The rising green trendline has been solid support (thus far), and you can see the falling blue resistance line. The 2 are destined to converge in the future. That's not our concern at this point. I set this up as a weekly chart in order to filter out all of the noise. You can see the clean crisp breaks high to low, and low to high. It's clear!
I've already entered long and you can see clearly what the take profits area is, between the 38.2 and 50% retrace. Don't expect anything above the blue resistance. The RSI is in calm waters, and has much room to run.
This is a solid coin with not much fanfare. Volume comes and goes with this one. It's a few weeks trade.
The rising green trendline has been solid support (thus far), and you can see the falling blue resistance line. The 2 are destined to converge in the future. That's not our concern at this point. I set this up as a weekly chart in order to filter out all of the noise. You can see the clean crisp breaks high to low, and low to high. It's clear!
I've already entered long and you can see clearly what the take profits area is, between the 38.2 and 50% retrace. Don't expect anything above the blue resistance. The RSI is in calm waters, and has much room to run.
This is a solid coin with not much fanfare. Volume comes and goes with this one. It's a few weeks trade.
Trade active:
Nice 20% run up since the original post. Never be afraid to take profits off the table. Always remember, the markets are littered with losers who held because they thought they can do better, WINNERS TAKE PROFITS.