Arb had a technically beautiful pull back right to the 50 percent retracement fib level which also happens to be about where that 50 day SMA is pulling up to lend a helping hand in supporting price here. You can also see that we are in a bullish triangle. Could we drop to the bottom side of that triangle before we exit? Yes, absolutely. But the reason I am entering now is because of what our RSI chart is showing. We are fairly close to hitting that ascending TL once again and everytime we do, there is a nice pump that follows. Quite simply, I just don't want to miss it. So, if we do drop to the bottom of the triangle, I'll hold right through expecting more upside movement to come soon.
This is how I am trading it anyways. You do you.
This is how I am trading it anyways. You do you.
註釋
Moved stops up to break even on this trade交易結束：目標達成
Our target was reached last night and this trade was closed. I will look to re-enter around that $1.08 level. Stay tuned.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
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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
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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
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。