Hi traders, quick update, everything has been predicted and going well since my post about the orange zone.
Rejected by 200 SMA and 20 EMA. Our first target is the green line.
As i see many traders draw their resistance and support lines by connecting some random points, i want to tell you that never over-draw lines, those lines sometimes works, but in the market that whales can control the market, false signal, false price points are normal. Just draw some suitable big Fibonacci Channels, Fibonacci Retracements and stick with it, especially if you are a beginner. And remember, don't use too much technical indicators or they can also present mixed signals. My advice is if you are a beginner, you only need a short EMA, a long SMA, an indicator based on change of price and a one based on volume.
Remember, if you analyse too much and be confused, at the last, seeing a big candle then EMOTIONS will control your decision.
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** The EMA & SMA is not my only indicator, i use a lot of others to increase the accuracy.**
For any ideas or questions, tell me what you think in the comment section.
My predictions are accurate and helpful ? Follow me, i can help you define the market moves. Of course no one can predict the future. But we trade smart, we trade differently. And never keep your loss greater than 50% of your target profit lol.
AS ALWAYS, SORRY FOR MY BAD ENGLISH AND SAFE TRADING EVERYONE!
Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a cannabis lover.
- MrPalmTree
Rejected by 200 SMA and 20 EMA. Our first target is the green line.
As i see many traders draw their resistance and support lines by connecting some random points, i want to tell you that never over-draw lines, those lines sometimes works, but in the market that whales can control the market, false signal, false price points are normal. Just draw some suitable big Fibonacci Channels, Fibonacci Retracements and stick with it, especially if you are a beginner. And remember, don't use too much technical indicators or they can also present mixed signals. My advice is if you are a beginner, you only need a short EMA, a long SMA, an indicator based on change of price and a one based on volume.
Remember, if you analyse too much and be confused, at the last, seeing a big candle then EMOTIONS will control your decision.
------------------------------------------
** The EMA & SMA is not my only indicator, i use a lot of others to increase the accuracy.**
For any ideas or questions, tell me what you think in the comment section.
My predictions are accurate and helpful ? Follow me, i can help you define the market moves. Of course no one can predict the future. But we trade smart, we trade differently. And never keep your loss greater than 50% of your target profit lol.
AS ALWAYS, SORRY FOR MY BAD ENGLISH AND SAFE TRADING EVERYONE!
Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a cannabis lover.
- MrPalmTree
