As of now i believe a head and shoulders pattern is forming on an upward sloping channel. Should be a a make or break in the next 24 hrs......Thoughts?
Please let me know what you think. You may make a bit of money playing the down turn bounces at intermediate levels of support. Just my opinion. Not financial advice.
30 Min Back tests: You could have Potentially earned around 27% profits if you focused on just VET using Heikin Ashi Strategy on the 30 Min time frame only for 2 days.
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see information below notes...
* Above Ichi and EMA
* Highlight signal candle
* Entry on ATR above it (long entry)
* Stop on prev candle's close, still inside the signal candle's body
Thoughts on how you'd set this up? Thanks
On the up trend. Not sure for how long. Could be short uptrend. Nevertheless, the signals show it is on the uptrend. Good opportunity to make 10% gain. please let me know what you think. Thanks.
I am not a professional charter/trader, I am just doing this as an hobby and I am here to learn. I use the standard indicators to observe the current movements.
The way I see it is that VET is bouncing between the trendlines following the bearish movement of BTC. The RSI and Stoch are oversold and VET is moving at the lower end of the Bollinger Band while the...
Learn to Trend Trade, Heikin Ashi Style. You will win....most of the time. haha.
Just for educational purposes only, I charted the potential date & price range of what you could have potentially made sitting at the computer and trend trading on the 30min candle over the weekend.
Rules applied on this since we are in a downtrend is to:
1. Leave your emotions...
VET will keep going down, but there are huge opportunities for some supports and rebounds. Lets wait confirmation, because this coin has been very volatile.
Structure is still bearish for the short-term however the bears momentum is weaking, so VET could see a rally near it's top (marked on chart) however even for the daily the structure has made a NSL so it is likely if it breaks the bearish expectations for the short-term it will have a bullish expectation failure near the top. I will update as we go, but you'd be...
*** Technical Analysis***
Following Heikin Ashi Technique, I am late to this trade on the 1HR with #VET on its 3rd Bullish candle. The 4HR currently shows 1 green trend change candle. This is good enough info along with the fact it just corrected after its re-brand launch today. We shall see as I trade off the ways of the Heikin Ashi Technique.
Entry: $.02125,...
