minetec had a primary rally back in March 2020.
now this security has corrected more than 50% from the high, and will be the secondary trend.
any fluctuation within day to day will be minor trend and should be disregarded.
trading idea
buy at the trend zone support, and sell at the trend zone resistance.
base on Dow theory, the secondary wave behave as a...
Note
- There is a successful breakout towards bullishness in previous price movement. Looks for best entry/exit
- Suggest to buy lowest at last position close.
- Do add additional buy for recovery.
- Set your SL/ P
Looks like MINETEC already test down the trendline and to rebound upside.
Future Ichi cloud already turns green.
Just crossed EMA200 with solid volume.
Potentially upside.
DAILY:
Already broken down trendline on 17 -Feb.
Rest for 2 days and the last candle is doji.
Ichi cloud looks like going to cross and thin.
If this Monday, price open 0.215 and above, MINETEC is biased to go upside to test resistance at 0.240.
30 MIN:
Price already crossed intersect and EMA lines - Golden cross.
Price still above Ichi cloud.
EP: 0.215 and...
1) Minetech going through a consolidation phase starting from August 2020
2) Price move in trend like Falling wedge pattern
3) Just break out fall wedge pattern with significant volume
4) Price now stay in half candle as immediate support.
5) RSI > 50
Allah dalam mafhumnya “Dan Mereka Merancang,Allah juga merancang, Dan Allah sebaik-baik Perancang.” (Surah...
From the lower timeframe, we can see that there is a descending trend formed. Entry will be at the 0.165 or 0.150 before it break the trendline & moving up / change trend.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and...
Minetech has surged to new ATH since last in Dec 2007, reaching 0.355. However, the share has recently formed a Triple Top pattern, a sign of possible reversal, followed by a Dead Cross in Aug 2020 and closed below support at 0.20 in Nov 2020. The price is edging a little higher this week, however, failed to break support level at 0.25 coincide Fibonacci level...
Please consider your own interpretation of Opportunity & Risk:
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment...
