Low risk short; stop placed at 2.3%. Looking for 10% upside exit. Strength divergence and bearish price action.
A lot going on here; bullish and bearish price action fighting each other. Appears that the bearish order block will be pushed up on and taken out followed by a flip to support. Would enter a trade on retracement of support.
Initially thought this move would happen much earlier, but looks like a nice setup now. Very bullish order blocks. Great volatility.
Possible swing trade based off of a solid order block and liquidity. Low risk with moderate potential. I plan to start taking profits at 9% and let the rest ride.
Volume and liquidity levels potentially confirming a bottom. Looking for higher low on lower volume. Moderate upside potential with gold bounce and dollar destabilization.
Stopped perfectly at a liquidity range. Great buying volume here followed by decreasing volatility on low vol.
Expecting to open strong and breakout of resistance at market open Jan 4. Will be monitoring prior resistance as pull back on phase 1 of run up.
Looking to see the downtrend get broken to confirm an accumulation phase. If accumulation; expecting things to move quickly.
1. - Dip into previously drawn out liquidity pool. - High volume; double the 20 day average volume. 2. -Dip onto expected bottom. -Low volume on the bottom; less than 20 day average. 3. -On initial bottom the RSI was oversold. -On next low testing the support the RSI is trending upwards showing a divergence. Looking forward: -Price has been sitting around a...
Accumulation over the past few months has been looking nice. Great spring for liquidity prior to this test. 3rd time testing resistance I fully expect this to breakout with great strength. Watching for the breakout above 48.60 area. Will be a buying on the retrace turning current resistance into support.
Major accumulation taken place. Primed to run more than most would expect. Breakout buy; monitoring support at 26.77. Multi hundred % potential.
Beginning to accumulate currently. Quick accumulation in new year followed by min 40% gains.
Just an educated possibility of what I could see happening on WEED :) More of a tracking measure than anything, hope there may be some takeaway from this. Nailed the bottom followed by the top today(FEB26) through a MM method.
Starting to see an 8K reality more and more everyday. When the downward and upward trend come together we will also be at our cyclic timeframe for a new low. At this point I truly believe we could start moving back up with a trend changeover. This will also be a hot spot for those following the elliott wave theory. A lot more to my analysis, but I'll leave that...