Hello traders,
There goes another mundane day in crypto, so I decided to look into more weed stocks and Aurora looks pretty juicy.
Looking at 4 hour chart, Aurora just touched the descending blue trendline. In case of breakout, I will place buying order around $13 and get out around $15 which gives me decent 15% profit :)
I would give 75% chance of bull breakout as it needs to finish Elliot 5th Wave in order to complete the cycle. (Wave 3 is bigger than Wave 1, therefore we should have another wave)
Happy trading!
There goes another mundane day in crypto, so I decided to look into more weed stocks and Aurora looks pretty juicy.
Looking at 4 hour chart, Aurora just touched the descending blue trendline. In case of breakout, I will place buying order around $13 and get out around $15 which gives me decent 15% profit :)
I would give 75% chance of bull breakout as it needs to finish Elliot 5th Wave in order to complete the cycle. (Wave 3 is bigger than Wave 1, therefore we should have another wave)
Happy trading!
Note
Seems like Crypto traders and WEED traders are not looking to do anything this week.We see that Aurora just hit ascending trendline and it seems like we will see breakout early next week. Bollinger band is tightening up which indicate incoming volatility. I am still somewhat bullish on this, but I am not touching this for now. Once again, stick to the plan. If you don't have a plan you will lose money.
Note
US market is crashing, and it is affecting all the stocks. If Aurora goes below red ascending trendline, I am shorting.
Trade closed: target reached
All target reached!!Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.