make sure to take profit. because after it monthly closes the price comes right back up here
but be careful. as monthly pivot is right at this level. so take profit if it plays out. because it will bounce up for month pivot
camarilla + CPR + magnetic trade logic
Camarilla + CPR + magnetic trade logic
based on camarilla and CPR methods. I know it is a new coin so take it with a grain of salt. tight stops manage risk. it relies on alt market turning up
camarilla and CPR. weekly pivot far and untested. I know its a new coin. so take it with a grain of salt and manage risk
I know its a new coin. so take it with a grain of salt
short term around UTC close. will test purple line. can short to there or buy on test if holds
camarilla + CPR. this one is secretly getting bullish despite its looks. it actually doesn't have much resistance here. The cloud is flipping to green above. The price + RSI starts making high lows very quietly. and its weekly and monthly pivot both are untested which usually doesn't remain that way
narrow range. could break upwards. tight stop with decent upside potential. worth mentioning
Strong weakness. Price falls out of channel with retest and breaks down the yearly floor (Camarilla L4) also with retest. Considering the GBPAUD volatility we should see a significant drop through unchartered waters, most likely to yearly L5 (I didnt plot that). This is no financial advise. Top positive correlation 1 day 1 GBPAUD - GBPMXN 89.1% 2 GBPAUD -...
because how often does the daily / weekly / monthly untested pivots go untested? less than 5% of the time actually
hasnt been tested. they sort of normally do. but id expect more ranging just because of the wide CPR also. gold had similar setup and its pivot got hit. see chart below
next two days possible price action based on both a bearish and bullish day for today and an assumption that weekly pivot gets hit which it does over 90% of the time
Looking at eth. from large to small. We have had our monthly pivot tested. and monthly L4 broken. keep in mind we are still in our linear regression channel and this pullback is still very reasonable. it was the pump that wasnt. now mean has been tested. Lets move to the weekly on the right. we broke the L4 and hit BOTH L5 L6 breakdown targets. a new weekly...