$FUEL, Symmetrical triangle broke w great volume & reached all our targets (50%)...
RSI near overbought levels (Expect resistance/pullback)
Volume Rising and strong
MACD & RSI rising
UCTS Buy signal active
While volume keeps strong and trendline holds, we can expect a bigger ride #FUEL
Hi friends! Welcome to Poop's Wyckoff Analysis on Etherparty/$FUEL.
We have seen a lot of whining about the market being manipulated when bitcoin printed a huge red candle recently which probably liquidated tones of longs. To be honest markets are indeed subjected to manipulation by huge players and crypto market is not an exemption to this. While big players do...
Symmetrical triangle?, Trading volume has been increasing a lot,
MACD & RSI are flat for now but showing divergences signals...
Closing above EMA50 is trigger as many other assets.
Set alerts and wait. UCTS saying buy on the 6h already
Commodity : ETHER PARTY
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 weeks
Investment in trade : 5% of the total Trading Balance.
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
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1. If downward breakout happens from the green line, stop loss should be activated on 410. New buyers would enter the area (support zone) between 370-390 so it could push it to the resistance 470 and 490. If these are broken 550 is the new high.
- RSI indicator shows us 46 level is supported zone.
2. Another Scenario is the upward breakout from the green line...