As outlined in the chart, I'm looking at two targets. Each target has it merit.
One can make arguments at many levels. I for one like confluence to be present. Fib levels, SMA\EMA agreeing, previous support and resistance lines and an element of bullishness or bearishness opinion.
I also listen to other experts and take their comments into consideration.
I have heard two prices that I like.
Targets are 5800 and 6800 as the least risky but also acceptable to not miss out.
Depending on the Exchange:
> Price Ranging from > 6500 to 6800
> Price Ranging from > 5450 to 5800
Obviously with some allocated $$ for the in between levels if the opportunities are there.
Regards,
S.Sari
Close up snapshots of the indicators on this chart.
If required, I will look at other momentum indicators to look for bullish divergences or strength in the signal.
RSI
Accumulation\Distribution
Daily chart
Key levels on the 4 HRLY chart
One can make arguments at many levels. I for one like confluence to be present. Fib levels, SMA\EMA agreeing, previous support and resistance lines and an element of bullishness or bearishness opinion.
I also listen to other experts and take their comments into consideration.
I have heard two prices that I like.
Targets are 5800 and 6800 as the least risky but also acceptable to not miss out.
Depending on the Exchange:
> Price Ranging from > 6500 to 6800
> Price Ranging from > 5450 to 5800
Obviously with some allocated $$ for the in between levels if the opportunities are there.
Regards,
S.Sari
Close up snapshots of the indicators on this chart.
If required, I will look at other momentum indicators to look for bullish divergences or strength in the signal.
RSI
Accumulation\Distribution
Daily chart
Key levels on the 4 HRLY chart
Note
You know what this is? Its the 200 MA on the Daily hitting the current price. The days not over but I am confident that the bear trend has started, considering how I presented the upward channel and now the downward channel. The pitchfork is good to identify and confirm trend changeNote
My explanationNote
How are we tracking. Still waiting for the drop...which will take time.My plan hasn't changed, yet
Note
Close up on some key fib.levels. The ema ribbon sometimes comes handy.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.