- The looks good, we are in the zone, but the channel is big and there will be many price swings. This is a great opportunity for swing trades.
- For the swing trades, you buy when the lower part of the channel is hit and sell when the price is near the top. If the channel is broken you can expect a new trend to be formed. This can be up or down.
The looks good but let's look at the weekly... Next week might be consolidation, depending on how this week closes, we can gain more info on next week... But let's look at what we have now.
Here is the weekly chart:
The weekly chart looks really positive for long term upwards potential.
- The just crossed over and is showing plenty of room for growth.
- The is also going and with room for growth as well.
- The same signals are true for the & DMI indicators, both are positive and show room for growth.
Now, these are strong indicators since this is the weekly chart. So it takes weeks for these to build up. So even if we have small negative swings, these indicators can stay in the positive, which is good to make money riding an uptrend.
The magenta lines are targets/resistance, the black lines are support.
Note: This is not a suggestion to trade, this is my analysis of how this coin is doing. Trade at your own risk, as I won't be following up on this analysis, YET, this information can be useful if you know the basics on how to trade. Buy, hold and wait... To finally sell on target.
Check out my new mantra, try repeating it 10 times and look for results :D
This will allow you positive energy, source love and growth.
This is my gift to you for your support... Your Chakras will be energized, specially the 6th Chakra (3rd Eye), your abilities will wake up.
Here is the mantra: "Om Stanesha vahtu nevehem"
Enjoy your analysis, and enjoy the rest of your day.