Fair is at the .786 retracement zone after a severe fallout. Volume is low right now but if volume picks up we may see enough momentum to buy for long. We should at least expect a retest to the .618 for a good profit.
White Rays = potential targets Green Rays = Targets that have been hit Red Ray = stop lossFair is at the .786 retracement zone after a severe fallout. Volume is low right now but if volume picks up we may see enough momentum to buy for long. We should at least expect a retest to the .618 for a good profit.
forgot to remove indicators. here is a clearer view
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first two targets have been hit. Still a good trade according to the oscillators. Has not made a good push towards the pivot point yet.
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Starting to look like a false breakout. still have a chance for more drop and accumulation before going.
Trade geschlossen: Stop wurde erreicht
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Made great profit but it broke through the trend. It's going to need some more time
And one last thing- if you ever thought about teaching- I would be interested in being your student...Thanks ! Virgil
Priddy23
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@vnelson69, I am new to trading also I will start posting my charts I am working on if you would like to follow me. I will try to make a new call at least once a week. I have a very small telegram channel where I post news give calls, advice whatever but it is not free. I am willing to teach you what I do know though. You can PM me if you have any questions or are interested in the telegram channel. Best of luck to you fellow trader!!!!
vnelson69
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@Priddy23, of course man crazyinterested--- I want to learn as much as I want to make money-- like to think this is something I can do full time with the right guidance! Not so good with social media lingo but I do have telegram lol, so give me the details and we will go from there! appreciate you taking the time to get back to me--!! Talk soon Virgil
Priddy23
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@vnelson69, message me on telegram @priddycryptocoins
vnelson69
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Hello!! Great chart work-- made alot more sense then the one I read somewhere this morning- ended up in my first crash after entry (and yup it got me a little emotional- didn't think I would have a problem with that, lol) but my question fo0r you is this? came into trade at 10002, crashed to the high 6's-- coming back up now but can i expect it to hit or return to 10000? and the break out looked good did we not get enough volume? and thank you for the time you take to teach us newbees!! Since3rely Virgil
Priddy23
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@vnelson69, Thank you. It is hard to tell right now. so far It looks like it is on track to make it back to 10000. You can use the blue trend lines on my chart to try and determine where it heading to next. if it never touches or bounces off the trend line you have a good shot. If it breaks through it can go to the next support line or the green trend line before the next bounce.