Bounce Token (AUCTION) to $40
On the above 5-day chart price action has corrected over 90% since November 2021. A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts.
2) Price action backtests past resistance as support.
3) Point (2) occurs on the 0.236 Fibonacci level.
4) Price action is now on a year long support.
5) Point (4) also tests the ‘bottoming candle’ - excellent.
Is it possible price action falls further? Sure.
Is it probable? No
Type: Trade
Risk: <=6%
Timeframe: Act now
Return: 1000%
1) Price action and RSI resistance breakouts.
2) Price action backtests past resistance as support.
3) Point (2) occurs on the 0.236 Fibonacci level.
4) Price action is now on a year long support.
5) Point (4) also tests the ‘bottoming candle’ - excellent.
Is it possible price action falls further? Sure.
Is it probable? No
Type: Trade
Risk: <=6%
Timeframe: Act now
Return: 1000%
Trade ist aktiv:
This one might target the target sooner than others, not 30 days ago traders were buying @ 17 dollars (what were they thinking??), therefore there is little sell pressure above current levels.
Trade ist aktiv:
Wait for 40 dollars
Kommentar:
** GRM support confirmed **
Kommentar:
Don't you just love GRM confirmation? I do.
Kommentar:
He's going vertical, so am I. We're going ballistic, go get em..
80% in 30 days..
80% in 30 days..
Kommentar:
Correction, 100%. So much win!
Trade ist aktiv
Kommentar:
test past resistance as support
Kommentar:
support confirmed with hidden bullish divergence and GRM support
Kommentar:
In answer to a questioned ask, next resistance is around 8.50
Kommentar:
resistance breakout.
Kommentar:
A few questions asking "What do you mean resistance breakout?"
See the blue circle? This was the first time price action did two things:
1) Broke out of resistance AND
2) Confirmed past resistance as support.
In trading, support and resistance the 2nd most important thing in chart analysis. (The first being identifying the trend).
In the daily chart below you also measure the near term target following the breakout thanks to the previous resistance breakout. It is that simple.
To those that asked the question, try to measure out support and resistance as shown below on things you hold. Would you act differently?
1-day
See the blue circle? This was the first time price action did two things:
1) Broke out of resistance AND
2) Confirmed past resistance as support.
In trading, support and resistance the 2nd most important thing in chart analysis. (The first being identifying the trend).
In the daily chart below you also measure the near term target following the breakout thanks to the previous resistance breakout. It is that simple.
To those that asked the question, try to measure out support and resistance as shown below on things you hold. Would you act differently?
1-day
Kommentar:
resistance fails, sellers exhausted
Trade ist aktiv
Kommentar:
Price action up 50% since last update.
Resistance is broken. Expect a backtest some point in the future to confirm support.
Resistance is broken. Expect a backtest some point in the future to confirm support.
Trade ist aktiv:
Continues to take the stairs up as the market takes the elevator down.
Kommentar:
Don't tell me the sky is the limit when there's footprints on the moon.
Kommentar:
230%
Kommentar:
540%.
Almost at target.
Almost at target.
Trade geschlossen: Ziel wurde erreicht:
10x, 1000% in only 4 months.
Would you like another? Well... it is already published. Curiously it also begins with the letter A.
P's, it is on the 2-day GRM list. Will update shortly.
6-day
Would you like another? Well... it is already published. Curiously it also begins with the letter A.
P's, it is on the 2-day GRM list. Will update shortly.
6-day
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
No matter the asset it is always fascinating to watch sellers sell into past resistance where support is confirmed. Tells you so much about the mindset of the participants.