District0x - 133% Possible Gain
Updated
Guys I'm seeing so much opportunity in the smaller market cap coins here. We just have to be patient.
We want this to stay along this trend line as we go through this consolidation phase.
I'm going to use this sloping growth rate for our second target, each wave is growing at a linear rate, which calls for exponential growth. Target 3 is possible if we continue to stay on this peak trend line (which is very possible).
If you zoom out, we have a very nice cup, we are currently working on the handle.
Out of all these more recent trades, this may be my 2nd or 3rd favorite (Behind GEO -1.43% -1.43% -1.43% and Civic).
Entry: Below 2016 Sat
Stop Loss: 895
Target 1: 3458
Target 2: 4240
Target 3: 5018
Chance to gain (Target 2 - Base Case) - 133.83%
Chance to lose - 50.36% (lol I'm not losing 50%, I'll let you all know when I enter AND exit this trade)
RR: 2.66
Timeframe - About 2 weeks
I haven't said "Boom" in a long time. I need this market to start moving lol.
We want this to stay along this trend line as we go through this consolidation phase.
I'm going to use this sloping growth rate for our second target, each wave is growing at a linear rate, which calls for exponential growth. Target 3 is possible if we continue to stay on this peak trend line (which is very possible).
If you zoom out, we have a very nice cup, we are currently working on the handle.
Out of all these more recent trades, this may be my 2nd or 3rd favorite (Behind GEO -1.43% -1.43% -1.43% and Civic).
Entry: Below 2016 Sat
Stop Loss: 895
Target 1: 3458
Target 2: 4240
Target 3: 5018
Chance to gain (Target 2 - Base Case) - 133.83%
Chance to lose - 50.36% (lol I'm not losing 50%, I'll let you all know when I enter AND exit this trade)
RR: 2.66
Timeframe - About 2 weeks
I haven't said "Boom" in a long time. I need this market to start moving lol.
Note
1-2 Day Trading Opportunity!
District0x is finding support along this triangular formation with the 3 hour MACD leveling off. We're going to target the top line resistance level for a 25% gain. Stop loss is just a little lower than the support line.
Trade active
Small trade active. I have entered nowTrade closed: stop reached
Small trade stop reached. Big Trade is still active, will be re-evaluated.Note
I wanted to check out the dollar chart even though this is a different site.
I have fully entered the trade, though, I do not recommend this. I'm taking a risk here because I'm seeing resistance at the 21 EMA with the 4 hour Stoch RSI as oversold. I think we can get some push here but I could be very wrong. I will be watching closely to see where we may be headed.
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