Traders,
Just thought I'd throw out a quick chart here. Looks like we've got an inverse Head and Shoulders pattern appearing on the 4 hr chart. Target shows as 14 cents. This would be the first. Above that you have the 100 day moving average at around 15 cents and descending. This would be the second target.
Entry signal:
You want to wait for confirmation on the 4 hour chart. Confirmation #1 is a move above the 200 candle (descending red line). Confirmation #2 is a move above our level of resistance at 12.46 cents. You want to see a candle close above this. For those with a lower risk tolerance, you might want an additional candle to open and close above this resistance threshold.
Some of you may want to watch the video I did on this showing you how I found our targets and more (see "Link to Related Ideas" below)
Happy trading my friends!
Just thought I'd throw out a quick chart here. Looks like we've got an inverse Head and Shoulders pattern appearing on the 4 hr chart. Target shows as 14 cents. This would be the first. Above that you have the 100 day moving average at around 15 cents and descending. This would be the second target.
Entry signal:
You want to wait for confirmation on the 4 hour chart. Confirmation #1 is a move above the 200 candle (descending red line). Confirmation #2 is a move above our level of resistance at 12.46 cents. You want to see a candle close above this. For those with a lower risk tolerance, you might want an additional candle to open and close above this resistance threshold.
Some of you may want to watch the video I did on this showing you how I found our targets and more (see "Link to Related Ideas" below)
Happy trading my friends!
Trade active
Here's your sign:Note
TARGET #1 REACHED.Note
Let's now see if the market will tag that 100 day above us ...TARGET #2Trade closed: target reached
Second target hit! Congrats to all who followed.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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.