Good possibility for making profit.
Hi folks,
While looking at the chart of Zilliqa/USDT on the Bincance exchange I see a beautiful option a risen on the horizon. Again as I posted earlier there is this thing Divergence again.
Divergence is in the rising of the prices in the earlier bull trend and the decline in trend line in the RSI. Again the divergence has been confirmed to be true. TIP go research it because it can give an extra opportunity to make a trade set up.
As I am developing as a trader I invest o lot of time in myself by reading and researching. I have developed a frame work for myself that can help me make better decisions. I give it here for free;
Tradeplan...
1. Which asset?
2. Work out the bigger picture. Start by Monthly chart analysis work down to Weekly and then the Daily. If you are a day trader you can go even more micro analyse on the charts.
3. When opening the charts. Scroll out at least 5 times to get the big picture and have enough bars to work with.
4. Ask yourself what is the trend? Up, Down or sideways?
5. What are important support & resistance levels?
6. How about the volume?
7. Which patterns do you see ?
8. What do you see about the bars? Long ranges? Long wicks? How do they develop ?
9. in purpose of your strategy... which indicators/ oscillators do you use?
10. What does your GUT tell you while watching the chart?
11. How do YOU expect the chart to develop ? (I know we can't predict is purely a feeling for yourself)
12. If you want to take a position.. Why do you want to take it? what are good entry points?
13. What is the Risk/Reward ratio ?
14. Do you take the trade immediately? or do you wait for the price to confirm your feeling? % rule or days rule..
These are just some questions I consider...
As to come back to the chart.. The level the price is acting on now.. has been tested several times even lower.. It has come back many times.. Some see this as weakness I see it as Strength.
While looking at the chart of Zilliqa/USDT on the Bincance exchange I see a beautiful option a risen on the horizon. Again as I posted earlier there is this thing Divergence again.
Divergence is in the rising of the prices in the earlier bull trend and the decline in trend line in the RSI. Again the divergence has been confirmed to be true. TIP go research it because it can give an extra opportunity to make a trade set up.
As I am developing as a trader I invest o lot of time in myself by reading and researching. I have developed a frame work for myself that can help me make better decisions. I give it here for free;
Tradeplan...
1. Which asset?
2. Work out the bigger picture. Start by Monthly chart analysis work down to Weekly and then the Daily. If you are a day trader you can go even more micro analyse on the charts.
3. When opening the charts. Scroll out at least 5 times to get the big picture and have enough bars to work with.
4. Ask yourself what is the trend? Up, Down or sideways?
5. What are important support & resistance levels?
6. How about the volume?
7. Which patterns do you see ?
8. What do you see about the bars? Long ranges? Long wicks? How do they develop ?
9. in purpose of your strategy... which indicators/ oscillators do you use?
10. What does your GUT tell you while watching the chart?
11. How do YOU expect the chart to develop ? (I know we can't predict is purely a feeling for yourself)
12. If you want to take a position.. Why do you want to take it? what are good entry points?
13. What is the Risk/Reward ratio ?
14. Do you take the trade immediately? or do you wait for the price to confirm your feeling? % rule or days rule..
These are just some questions I consider...
As to come back to the chart.. The level the price is acting on now.. has been tested several times even lower.. It has come back many times.. Some see this as weakness I see it as Strength.
Aviso legal
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