I have been trading AUCTION since it dove into the $4's
In and out on the high's and low's.
Current SL on AUCTION is $14.06
Which is in Profit for me.
My ultimate target is $35 closing 75% of my position there and holding the last 25% towards the $40-$50 Range
On the above 2-day chart price action has corrected 80% since mid-October. Ouch. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal prints.
2) Broken RSI resistance
3) Price action is on past support / resistance.
4) The 2-day BTC pair also prints a buy signal with broken MFI resistance.
5) Lastly, volume. I don’t know why,...
AUCTIONUSD daily timeframe range, to be honest price action is mess on this alt of course i blame that to the p and d groups. i mean you can easily spot what happened here the amount of wicks speaks for itself. but hey whatever goes down will go up same goes to whatever goes up. now this chart, this is a high risk and reward alt. if you check the past data you can...
Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset,...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy AUCTION , nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose...
AUCTION is getting near the end of the trend line. It could still bounce off and go lower. BTC/Crypto market as a whole is currently giving me heartache.
AUCTION has a history of bouncing off the bottom trend line and running up to the middle trend line before retesting. If history repeats itself there's a good chance it will run to $39+.
Other Reasons...
bounce token has great potential because of it is relationship with nft sales, but with the current conditions i am expecting this coin to drop to $16 and if it didnt hold we may see it go to $8.
I believe that was big enough of a shake out. Heavy consolidation // huge news coming. This company isn't even legal in America Yet but already secured a New York Bitlicense,, all of this points too a coin base NFT partnership or something just as big. I expect this too break sub 100$ quicker then most are expecting, current circulating supply of 4 million puts...
History shows once it hits the gaussian channel support line, moves upward. Needs to break through 40 and 50 line that has been pushing the trend down.
Bounce still looks like it has some life in it, right?
Overall, the chart looks good. When crypto has a massive push, you can always count on it to consolidate. Unless it is something that is revolutionary, but even then it has to have a cooldown. Bounce looks like it is about to go. All the signs point to yes on my side, but of course, be cautious and make...
Lot's of potential upside here, coin is fairly new and already on top exchanges so liquidity is not an issue, is part of the metaverse/Nft macro trend and should be a large beneficiary of this movement, I would not be shocked if this does crazy numbers like 100x in 6-12months.
