This chart is for raimis12 who requested it.
I was supposed to post this last week as a video analysis but time has been in short supply lately. I apologize guys, it wouldve been an awesome win for us all.
I show a couple different scenarios here for this asset. The bulls are in control as we are well above that 200 daily ema. I show the bull and bear scenarios here. Green is the bullish target and the red is the bearish count bring us back to that infamous 89% retracement before we head higher. The macd looks strong and we did not got daily RSI divergence so we could easily continue higher. I wouldnt be trying to short this honestly. But anything is possible because we simply dont have enough price action history to go off of. The best we can do is minimize our risk and maximize our reward by getting a good entry point.
Thanks for your time guys and gals
Rigo
I was supposed to post this last week as a video analysis but time has been in short supply lately. I apologize guys, it wouldve been an awesome win for us all.
I show a couple different scenarios here for this asset. The bulls are in control as we are well above that 200 daily ema. I show the bull and bear scenarios here. Green is the bullish target and the red is the bearish count bring us back to that infamous 89% retracement before we head higher. The macd looks strong and we did not got daily RSI divergence so we could easily continue higher. I wouldnt be trying to short this honestly. But anything is possible because we simply dont have enough price action history to go off of. The best we can do is minimize our risk and maximize our reward by getting a good entry point.
Thanks for your time guys and gals
Rigo
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