Breakout Lines Adjusted PROPERLY; Fundamentals look GREAT.
I decided to be more critical in my analysis by going to the Daily, 12h and 6h.
Note the green arrows which point out how we went sideways for over a week at each Breakout Line. Further indicating THIS should be proper placement.
As for placing Accumulation Channels within our current breakout channel; I'm not doing that yet. With current GEO Political and Social Political climate, we may breakout here very soon with ETH and go up to the next Breakout channel. Remains to be seen though. We could still finish an Automatic Rally and revert back to the downside for a Second Test (ST).
Remain Cautious on entry at this point. Meaning, have proper stop loss to protect yourself. If you get stuck without a stop loss because you have already entered at this point, I would be patient and bag hold if you can. In fact, if it went back down for a Second Test, you KNOW what time that would be:
PRICE DOWN PICK UP !!!! youtube.com/watch?v=lEBP9dpVM70
Note the green arrows which point out how we went sideways for over a week at each Breakout Line. Further indicating THIS should be proper placement.
As for placing Accumulation Channels within our current breakout channel; I'm not doing that yet. With current GEO Political and Social Political climate, we may breakout here very soon with ETH and go up to the next Breakout channel. Remains to be seen though. We could still finish an Automatic Rally and revert back to the downside for a Second Test (ST).
Remain Cautious on entry at this point. Meaning, have proper stop loss to protect yourself. If you get stuck without a stop loss because you have already entered at this point, I would be patient and bag hold if you can. In fact, if it went back down for a Second Test, you KNOW what time that would be:
PRICE DOWN PICK UP !!!! youtube.com/watch?v=lEBP9dpVM70
Note
Providing a LOOK on the Weekly:Note
With that SERIOUS UP THRUST we are working on with this Weekly, I HAVE MY DOUBTS as to whether we do any kind of accumulation in our current Breakout Channel.Note
It's POSSIBLE we do a LITTLE accumulation in the upper accumulation channel [I have not drawn] before going to the upside.
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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.