Hay Wyckoff heads !
Per my theory that the only relevant TA for low cap and low liquidity gems is Wyckoff analysis here is an idea for Fusion FSN
The old trading range is a pretty clean Wyckoff count - pro traders would have been eyeing the Spring for an assymetric entry or the BUEC for a less risky punt.
I have used Fib extensions to map out a new TR.
If...
FSN/USDT on 1D chart broke out from descending channel and retested it. RSI shows bullish divergenec and trade volume has been steadily growing for the past few months.
Targets: $0.28, $0.31, $0.35, $0.42
Remeber to set SL.
Let me guys know what do you think about this idea?
The 2-day chart for the above project just printed a Dragonfly DOJI following an oversold period with Stochastic RSI crossing up 20. In fact RSI, the Money Flow index, & Stochastic RSI were all oversold prior to the Dragonfly DOJI formation, a significant move to the upside should now be expected in the near term.
As risk / reward goes, it does not get any...
Fusion has been gaining a lot of volume lately and is about to explode. Easy 50 % on the first jump
Green is BUY
Orange is Resistance/Support
Red is SELL
