Troy - Bullish divergence

Every now and again one opportunity stands out more than most. This is certainly one worth watching in the weeks ahead.

On the 2-day chart above price action has corrected 80% since mid-April. So why bullish?

1) A ‘great buy’ signal illuminated early last month, however it was only recently price action broke out of resistance (blue line).

2) The breakout occurred on past support / resistance.

3) Regular bullish divergence. The higher lows on the Stochastic RSI are of particular interest in relation to the lower lows of price action, there is a lot of momentum building up here.

4) The weekly chart below printed a textbook Dragonfly DOJI candle.

Is it possible price action falls further? Sure.

Is it probable? Unlikely. Risk / reward is excellent.

Good luck!

WW

Weekly chart

액티브 트레이드

코멘트:

This impressive bullish hammer candle appeared on the monthly chart with the close of July. On this timescale this candle has the power to cause a massive move in the weeks / months ahead to the upside.

액티브 트레이드:

A good long entry point as price action lands on the golden ratio.

액티브 트레이드:

1st target 1.1 cents / 50%

액티브 트레이드:

Breakout of resistance on the 8hr, the next few days should be rewarding

코멘트:

The breakout was confirmed.

Going back to the original 2-day chart at the top, now below, we can see some interesting developments. Circled in purple RSI crosses up 50 as price action breaks out of resistance. Look left, this development resulted in some very nice gains in the following weeks.

Also the volume, I don't know why but money is pouring into this alt-coin more so than others. Someone knows something I don't, follow the money.

Lastly there's something printing on the monthly charts that is very exciting, but I'll wait until the end of this month to know for sure.

액티브 트레이드:

30% return so far. 1.8 cents in the next target after 1 cent is broken taking the return to 150%. See below.

액티브 트레이드:

Price action on support and golden ratio with multiple bullish divergences at the moment.

액티브 트레이드:

Stochastic RSI crosses up 20 on the weekly chart (circled in purple). Expecting to now see wave 5 unfold in the weeks ahead.

액티브 트레이드:

Price action on the 4-day chart below confirms support on the 21-week EMA (yellow line) following a break through (circled in purple). Look left!

액티브 트레이드:

Fantastic.

코멘트:

You may remember a post a few days ago about the candle stick rotation patterns I favor (SENSO) - watch this price action over the next several days for the same sequence, it will tell you a lot about the weeks ahead.

코멘트:

And that's why I like that pattern.

Going forward, this is one to forget for the next few months. Leave it alone and pick up a 10x by the year end around 10 cents.

액티브 트레이드:

A 75% move to 2 cents should be expected in the next few days. Price action prints a nice pennant formation on the 4hr chart below.

액티브 트레이드

코멘트:

There she blows, look for resistance around 2 cents. Remember that is not the same as 'there will be resistance at 2 cents'.

액티브 트레이드:

Now look for resistance at 3 cents

코멘트:

A 'good buy' alert prints. Might be about to see the continuation of the uptrend.

코멘트:

A big week for price action on Troy. On the weekly chart price action is testing support on the 21-week EMA. The whole body of the candle closing this weekend above the yellow line would be bullish. Wicks not are not important.

코멘트:

Same price, same signal as was back in July after which a 200% gain followed.

코멘트: