If it has a chart, i can trade it. My main discipline is Stocks but people have been asking for TA on a few popular Crypto's so here we go. You can see the PA has advanced nicely, and has now retraced into the golden pocket. Clearly retesting a breakout from diagonal resistance, will it hold is the question.
We wanna wait for a clear signal with either a break above the distribution box, or a pullback out of the golden pocket should find buyers back in the accumulation box. I'd go long no earlier than .24 and more likely .19-.20. In other words, at current juncture, sit on your hands and wait IMHO. Of course this isn't investing advice and is strictly for educational purposes.
We wanna wait for a clear signal with either a break above the distribution box, or a pullback out of the golden pocket should find buyers back in the accumulation box. I'd go long no earlier than .24 and more likely .19-.20. In other words, at current juncture, sit on your hands and wait IMHO. Of course this isn't investing advice and is strictly for educational purposes.
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.