Hi All,
I'm stalking a few coins.
WIN or WINK seems to be making a descending broadening wedge which tend to give good results.
Hence the observations:
a) 0.618 fib level possible support
b) downward pressure still on the daily
c) Daily 50 ema or weekly 10 ema could also be point E (hence double bottom or W formation on the local level).
d) You can see how it can possibly be a inverted H&S.
The approach.
a) trade the breakout from the broadening wedge trend line
b) look for reversal pattern on the lower time frames or a bullish candle or candle combination from one of these levels.
I tend to use the 1 hr 13/50 ema cross over as an item.
However other indicators can also play a role. eg WT or Macd
All the best,
S.SAri
s3.tradingview.com/s...shots/n/NoJDFBPq.png
I'm stalking a few coins.
WIN or WINK seems to be making a descending broadening wedge which tend to give good results.
Hence the observations:
a) 0.618 fib level possible support
b) downward pressure still on the daily
c) Daily 50 ema or weekly 10 ema could also be point E (hence double bottom or W formation on the local level).
d) You can see how it can possibly be a inverted H&S.
The approach.
a) trade the breakout from the broadening wedge trend line
b) look for reversal pattern on the lower time frames or a bullish candle or candle combination from one of these levels.
I tend to use the 1 hr 13/50 ema cross over as an item.
However other indicators can also play a role. eg WT or Macd
All the best,
S.SAri
s3.tradingview.com/s...shots/n/NoJDFBPq.png
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
