On the above 5 day chart price action has corrected over 70% throughout 2024. A number of reasons now exist to be bullish. They include:
1) Price action and RSI resistance breakouts.
2) Trend reversal. Notice the higher low?
3) The trend reversal follows strong bullish divergence, which has now confirmed.
4) Look left. Notice where the higher low is printing? On past resistance. Excellent.
5) Lastly the bull flag, it has broken out and confirmed support. The flagpole forecasts a 400% move.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
1) Price action and RSI resistance breakouts.
2) Trend reversal. Notice the higher low?
3) The trend reversal follows strong bullish divergence, which has now confirmed.
4) Look left. Notice where the higher low is printing? On past resistance. Excellent.
5) Lastly the bull flag, it has broken out and confirmed support. The flagpole forecasts a 400% move.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Trade ativo
Nota
Past resistance confirms support.Trade ativo
A whole lot of waiting, but in the end those that wait are reward.Target is $6
Nota
$3 to go.Nota
Stay long.... or panic. 90% of folks actually lose money on this trade.Nota
A 100% move should print in the coming days and weeks.Nota
A move to $4 is about to print.Nota
GRM support confirmed.Nota
Some resistance should be expected at $7The bigger resistance resistance is at $20
If you're using my tools, use the 1 day chart for sell signal, very reliable.
Nota
5 day gaussian channel support with hook reversal. What happens next may surprise.5 day
Trade fechado: stop atingido
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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.