Guppy, one of my favourites!
What do we see on this timeframe (4H candles)?
- falling wedge in play
- possibly leg D in the making now (on Twitter I've placed some tweets about some small plays, which I've executed)
- MACD turning positive
- No volume
- RSI turning up
What do we see on the 1D Candles?
- RSI Turning up from 30 to 35 now
- MACD about to make the positive cross
- Still no volume
Given the RSI on this timeframe + no volume I'd say we ain't over retracing. In that case I'm expecting a run down with finishing leg E. So, how do we execute this mid term trade?
We'll be checking whether we can break the resistance or not. If we can break out here + retest successfully, I'm buying.
If we can't break out of this one, we'll be checking where leg E ends and then I'm most definitely buying, given the price area.
Targets:
1: 4800 sats
2: 6000 sats
3: 7000+ sats
What do we see on this timeframe (4H candles)?
- falling wedge in play
- possibly leg D in the making now (on Twitter I've placed some tweets about some small plays, which I've executed)
- MACD turning positive
- No volume
- RSI turning up
What do we see on the 1D Candles?
- RSI Turning up from 30 to 35 now
- MACD about to make the positive cross
- Still no volume
Given the RSI on this timeframe + no volume I'd say we ain't over retracing. In that case I'm expecting a run down with finishing leg E. So, how do we execute this mid term trade?
We'll be checking whether we can break the resistance or not. If we can break out here + retest successfully, I'm buying.
If we can't break out of this one, we'll be checking where leg E ends and then I'm most definitely buying, given the price area.
Targets:
1: 4800 sats
2: 6000 sats
3: 7000+ sats