Note: I use multiple indicators just to confirm trend on different systems.
This one is similar to the swerve chart I posted today.
This is what the chart is indicating:
1. 2 out of 4 on Bullish setup on ichimoku system: bullish T-K cross (+1) , price almost above cloud (0), cloud just turned bullish (+1), lagging span close to above price .
2. Bullish 50-100 MA cross: long signal.
3. Currently price sits at a strong VPVR support which happens to be between the 0.236 fib level.
4. Strong VPVR support at 3000 sats
Forecasts:
1. CRV consolidated from end of December 2020 to mid-jan 2021. Price may consolidate again in the 3500-4500 range (scale in according to your risk appetite). Price has been in this range for about a month now so I feel there is healthy support in this region.
2. Some resistance at the 0.618 fib level at around 7200 sats. This level shows some VPVR activity so will need some good volume to break above this level.
3. Ultimate target should be the 1.618 fib level at about 13000 sats IF price breaks above 7200 sats.
Idea negated if price breaks below 345 sats.
This one is similar to the swerve chart I posted today.
This is what the chart is indicating:
1. 2 out of 4 on Bullish setup on ichimoku system: bullish T-K cross (+1) , price almost above cloud (0), cloud just turned bullish (+1), lagging span close to above price .
2. Bullish 50-100 MA cross: long signal.
3. Currently price sits at a strong VPVR support which happens to be between the 0.236 fib level.
4. Strong VPVR support at 3000 sats
Forecasts:
1. CRV consolidated from end of December 2020 to mid-jan 2021. Price may consolidate again in the 3500-4500 range (scale in according to your risk appetite). Price has been in this range for about a month now so I feel there is healthy support in this region.
2. Some resistance at the 0.618 fib level at around 7200 sats. This level shows some VPVR activity so will need some good volume to break above this level.
3. Ultimate target should be the 1.618 fib level at about 13000 sats IF price breaks above 7200 sats.
Idea negated if price breaks below 345 sats.
Comentário:
looks like timing was perfect. Long trade active
