Looking at our chart, we made the stop at $570 but its a false signal, you can draw a EMA89 period the blue ema and see that its bounce off when hit showing its effectiveness. The 618 Fibonacci also confirm the support strength. The price performs Elliots ABCDE pattern (although in real life its does not have exact point of the text book). Looking at MACD too emerging above signal to confirm the long idea. The order can be place above the LONG confirmation line and we have a target of $790. A stop can be place at $570.
Note: Watching at what happened, 12 hours ago, a confusion within the crypto communities of segwit2x or not, show again why we need good knowledge in order to stay in the game and win over the long run. Trading is like battle and wars, you can afford to lose a few battles. The importance is to make sure you know where you should give in retrace and save your ammunition and soldiers (your capital) so you can have enough to win a long term war (against devaluation and building long term wealth). My mentors always stress, knowledge first and profit second. Or some would quote wall street experts that to protect your capital and risk management is the main priority and profit second.
Your comment is important, feel free to share with me :)
Note: Watching at what happened, 12 hours ago, a confusion within the crypto communities of segwit2x or not, show again why we need good knowledge in order to stay in the game and win over the long run. Trading is like battle and wars, you can afford to lose a few battles. The importance is to make sure you know where you should give in retrace and save your ammunition and soldiers (your capital) so you can have enough to win a long term war (against devaluation and building long term wealth). My mentors always stress, knowledge first and profit second. Or some would quote wall street experts that to protect your capital and risk management is the main priority and profit second.
Your comment is important, feel free to share with me :)
Comentarios:
break up the confirmation line nicely heading for our target
Comentarios:
mission accomplish, the position can be hold till it drop of up trend line i will update in the next analysis