Kin Pump Coin Formed "Cup" - Target + 200%
Updated
Kin pump coin may be formed "Cup" - the target for a cup + 200%. If there is a breakdown of the downtrend, the goal is much higher.
This pamp coin is often a pamp coin, including in the downtrend. Past pumps from +90 to + 330%. The first serious resistance, past support which has now become resistance from the current price + 420%.
If we assume that the “Cup” figure (saucer, rounded bottom) will continue to be drawn, then we are now in the 2nd phase of the figure formation, and these are the lowest prices.
It is also worth noting that if the price breaks the base of the “Cup” and fixes below it, then you should forget about the further formation of the cup. It is advisable to place a stop order under the base of the "Cup".
With current prices, stop has the minimum value, therefore the risk is minimal, a few percent, and profit from +200 to + 400%,
The ratio of risk to profit in a wonderful ratio.
_______________________________________
Sales Purpose:
According to the figure "Cup" + 200%
On the first strong resistance + 400%
Stop - Loss 3-5% (depending on your strategy)
_____________________________________________
The stages of the formation of the figure are “Cup” (Saucer, round bottom).
The Saucer figure consists of the following steps:
1) The descent of the price is the first phase of the figure. Price fall trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction.
2) The bottom is the lowest point of prices. It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum.
3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration.
4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule.
This pamp coin is often a pamp coin, including in the downtrend. Past pumps from +90 to + 330%. The first serious resistance, past support which has now become resistance from the current price + 420%.
If we assume that the “Cup” figure (saucer, rounded bottom) will continue to be drawn, then we are now in the 2nd phase of the figure formation, and these are the lowest prices.
It is also worth noting that if the price breaks the base of the “Cup” and fixes below it, then you should forget about the further formation of the cup. It is advisable to place a stop order under the base of the "Cup".
With current prices, stop has the minimum value, therefore the risk is minimal, a few percent, and profit from +200 to + 400%,
The ratio of risk to profit in a wonderful ratio.
_______________________________________
Sales Purpose:
According to the figure "Cup" + 200%
On the first strong resistance + 400%
Stop - Loss 3-5% (depending on your strategy)
_____________________________________________
The stages of the formation of the figure are “Cup” (Saucer, round bottom).
The Saucer figure consists of the following steps:
1) The descent of the price is the first phase of the figure. Price fall trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction.
2) The bottom is the lowest point of prices. It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum.
3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration.
4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule.
Note
Trade closed: target reached
Profit after breaking down a wedge in 1.5 months:
+ 100%
+ 140%
+ 40% (not all).
Trade closed: target reached
+113%
Note
The channel and pivot zones are shown on the chart. Fixing prices above the channel resistance level may serve as confirmation of further growth. Not overcoming this zone can serve as a price reduction to the important zone indicated on the chart. Further, how the price will react to this support zone .
Trade closed: target reached
+162%
Trade closed: target reached
+200%
Note
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