On the above 5 day chart price action has corrected over 70% throughout 2024. A number of reasons now exist to be bullish. They include:
1) Price action and RSI resistance breakouts.
2) Trend reversal. Notice the higher low?
3) The trend reversal follows strong bullish divergence, which has now confirmed.
4) Look left. Notice where the higher low is printing? On past resistance. Excellent.
5) Lastly the bull flag, it has broken out and confirmed support. The flagpole forecasts a 400% move.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
1) Price action and RSI resistance breakouts.
2) Trend reversal. Notice the higher low?
3) The trend reversal follows strong bullish divergence, which has now confirmed.
4) Look left. Notice where the higher low is printing? On past resistance. Excellent.
5) Lastly the bull flag, it has broken out and confirmed support. The flagpole forecasts a 400% move.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
액티브 트레이드
노트
Past resistance confirms support.액티브 트레이드
A whole lot of waiting, but in the end those that wait are reward.Target is $6
노트
$3 to go.노트
A move to $4 is about to print.노트
GRM support confirmed.노트
Some resistance should be expected at $7The bigger resistance resistance is at $20
If you're using my tools, use the 1 day chart for sell signal, very reliable.
거래청산: 스탑 닿음
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.