$ABEL!! 1K to 1M race!
Updated
The first token I’m watching closely is ABEL.
With a high of $2.00, it retraced about 95% until it found the bottom.
Watching closely the weekly chart, we can clearly see that volume has risen significantly, indicating that we might have hit the bottom and are consolidating.
In order to fill the monthly wick, we need a monthly close above $0.12, which looks achievable right now.
My entry target is any price below $0.116, and if we don’t see this price in the next days, we might enter at a higher price.
The previous weekly close yesterday was below $0.129, so this week might give us lower prices, so we will be waiting for the perfect entry.
The daily chart looks normal with high daily volume. The only thing we are waiting for now before entering the trade is to see if the price action gives us a double bottom, hitting $0.10 again before the final push to higher prices.
Our targets are clearly seen at the Fibonacci levels, but I aim for the Fibonacci 0.50 or 0.618 line at $0.44 or $0.63, depending on the strength of the market.
So, our first trade targets a x4 or x5 or x6 on our way to x1000!
Wait for future updates to enter the trade, guys! Good luck!
With a high of $2.00, it retraced about 95% until it found the bottom.
Watching closely the weekly chart, we can clearly see that volume has risen significantly, indicating that we might have hit the bottom and are consolidating.
In order to fill the monthly wick, we need a monthly close above $0.12, which looks achievable right now.
My entry target is any price below $0.116, and if we don’t see this price in the next days, we might enter at a higher price.
The previous weekly close yesterday was below $0.129, so this week might give us lower prices, so we will be waiting for the perfect entry.
The daily chart looks normal with high daily volume. The only thing we are waiting for now before entering the trade is to see if the price action gives us a double bottom, hitting $0.10 again before the final push to higher prices.
Our targets are clearly seen at the Fibonacci levels, but I aim for the Fibonacci 0.50 or 0.618 line at $0.44 or $0.63, depending on the strength of the market.
So, our first trade targets a x4 or x5 or x6 on our way to x1000!
Wait for future updates to enter the trade, guys! Good luck!
Trade active
Just a few signs of slowing down, so we are patiently waiting!! We need a bullish engulfing candle down there to start rising. I’ll keep you updated guys!
We’ll squeeze these gains!!!
And we keep in mind this too :
t.me/TradeSmart7/2326
We might see a fake breakdown below $0.10 without volume and after that a rapid reclaim of that level with big volume!
This will be our signal to enter the trade.
If that's not the play, we might enter in a higher price but already knowing that the bottom is in!!
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