This will be my first chart of the year to actually come through valid... maybe. :-)
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Bullish flag.. wait for it.
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Let's be realistic.. like Radio Shack.. next target $18.00
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Well, how about that! Do we hold for $18 or close? That is the question.
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I sold at the top, but now I'm buying back in, going for the extended target at $18.00 USD.
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Modified target $19.75 USD or +35% from where we began this breakout.
I've re-upped and moved in heavy on this, selling off some of my slow moving coins for now, to get the gains over the next 12-24 hours here.
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Running into some slight resistance here. Might push us down, but hopefully it will continue to rise. Keep an eye out over the next couple hours and make sure you have a stop loss in place in case of a correction.
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Ready to break the All Time High tonight? Within 2-3 hours? Target +9% to $15.60
@robinkedia, Just reading the charts.. it's kinda like palm reading.. 90% of the time you'll be 60% accurate. :D
mraaronnelson
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Nice job with this one, man. Congrats
Matciop
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Is there an opportunity to enter now or is it better to see another coin? Thanks
igormf
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How would you calculate stop loss for this one?
Tin.Foil
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@igormf, I'd use the previous low at $13.2 as of right now. But there are a lot of ways to calculate a stop loss. Mostly it's based on your risk vs reward. Typically, 30% of your estimated gain would be reasonable. So if you figure -3% from current value for a target of +9%, that seems ok. But each trader will have to adjust their risk/reward ratios themselves.
panchotwana
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where are you getting your target prices from? seems really arbitrary to me, but im pretty new to all this.