Confluences could lead to Big Reward with Minimum risk! Aka: Value Investing
On Daily Chart Price has shown:
- Strong support from $21 - $22
- Down-Trend line was broken
- Bullish Bat completed at LOW location on chart
- RSI Oversold
1:2 Risk/Reward ratio
Chance of large long term gains if weekly bearish bat is completed around $34
- CRON had a 300% increase in price between 2018-2019
- Followed by a seemingly healthy technical correction reaching the 618 Fib level
- Now, price has attempted to break that level twice, and failed
- On RSI, trend-line was broken and new higher low formed
- It has also formed a textbook bullish candlestick pattern on second...
Many signs point to an change of trend at a key level, we can keep an eye out on EG in order to find an entry point for a possible 100-300+ move.
4 Strong Confluences on Daily Chart:
+ Bearish Bat on Timeframe
+ Channel break down
+ Strong rejection from 88 fib level
+ RSI bearish divergence
= Possible swing trade
Optimal entry, as close as possible to previous...