On the above 8-day chart price action has corrected over 90% since the month of May 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action prints support on past resistance. Look left.
3) The macro bull-flag breakout plus confirmation of support.
4) A number of tradingview.com ideas are ‘short’. Remember the 9 out of 10 market participants will lose money. Be the 10%.
5) Bonus observation, see chart below.
Is it possible price action falls further? Sure. Is it probable? no.
Ww
Type: Trade Risk: <6% Timeframe: Act now Return: 1500%
Little bull flag with 250% projection
Trade ativo
Nota
Price action confirms support on past resistance.
Trade ativo
Weekly GRM confirmation. Up 245% so far.
Trade fechado manualmente
Unfortunately ANKR entered the flag again.
If you see price action close under 2 cents on this 2 week chart, exit. The new bear flag forecast is a 80% correction.
2 week
Nota
This trade was closed in November and it was the right thing to do.
Price action has now fallen out from the flag and threatens a further 90% correction.
There's going to be an alt run alright if those corrections are realised, prepare for that.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Allow 3-6 months on ideas. Not investment advice. DYOR
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.