Cons, low slung. Biased to down side, if we were in a moderate market.
Pros, we are not in a moderate market. We're in an alt season. Other low slung hvfs have performed to upside repeatedly.
Other pro is W bottom on higher time frame gives bullish target that is much higher than hvf target.
Ambiguity, is that the hvf could break and perform but still sell off and not trigger the W bottom movement. It may come up to several weeks later.
Pros, we are not in a moderate market. We're in an alt season. Other low slung hvfs have performed to upside repeatedly.
Other pro is W bottom on higher time frame gives bullish target that is much higher than hvf target.
Ambiguity, is that the hvf could break and perform but still sell off and not trigger the W bottom movement. It may come up to several weeks later.
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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.