Updated
STORMBTC MAY
Setup:
- Full retrace to 0.618 afer massive run
- Stoch RSI resetting on most time frames
- RSI nearly oversold on 1H, 4H
- bottom of bollinger on most time frames
Pump Catalyst:
- June 7 (Airdrop for Unsold Tokens to Encourage Wider Mass Adoption)
Buy: 500-550 sat
Target 1: 779 sat (42%)
Target 2: 930 sat(72%)
Stop loss: 469 sat
TIme in trade: ~1 month
- Storm has a had a huge retrace back to the 0.618 fib level after a massive run and looks like a great buy right now
- Buy box is between the 0.618 fib and the lower white trend line
- 930 sat target comes from previous all time highs which also coincides with the 1.618 fib from the most recent retrace
- expecting a nice rise leading up to the June 7 airdrop
- selling the news
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- Full retrace to 0.618 afer massive run
- Stoch RSI resetting on most time frames
- RSI nearly oversold on 1H, 4H
- bottom of bollinger on most time frames
Pump Catalyst:
- June 7 (Airdrop for Unsold Tokens to Encourage Wider Mass Adoption)
Buy: 500-550 sat
Target 1: 779 sat (42%)
Target 2: 930 sat(72%)
Stop loss: 469 sat
TIme in trade: ~1 month
- Storm has a had a huge retrace back to the 0.618 fib level after a massive run and looks like a great buy right now
- Buy box is between the 0.618 fib and the lower white trend line
- 930 sat target comes from previous all time highs which also coincides with the 1.618 fib from the most recent retrace
- expecting a nice rise leading up to the June 7 airdrop
- selling the news
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Note
*UPDATE* 5/11/18- We got some capitulation action and broke thru lower trend line
- Since it's basically bottomed out, could be a great point of entry
(2x from most recent bull run)
- looking to see if we can retest/break thru lower trend line
Note
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.
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.