No need to explain if you have experience in trading
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Pardon my rudeness I just don't wanna explain the most well known candle stick you should know about from day one of trading, but fine I will explain it. This is called a Doji candle and it comes to play at peaks or bottoms for reversals. And because it did that at the weekly high and had a EMA bounce its very clearly obvious orders are gonna move up now instead of holding the resistance line anymore. Which I see happening Right now on Karken. As of current trading view stats are moving to strong buy.
Kommentar:
the perfect EMA bounce gives a very clear sign were gonna pump again hard after this candle
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I am expecting the 120% pump now but you decide yourself I am not your financial advisor.
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I also want to explain that yesterday on the 13th on the one day chart we had a low reversal Doji Candle with a slightly higher wick which is another positive sign the trend will continue as well as our very high open top wick today on the one day chart. All looks good to me especially after what I seen on the 2 hour chart.
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Very Strong Buys and Limit Sell Orders are clearing the way
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Very volatile right now but I have no doubt in it myself. However trade at your own risk always.