ONE of the more bullish large cap charts!
Clear support from trend since mid-july
Recently passed over the horizontal resistance
Bounced back from 1.618 Fib level and now probably going to retest the support at 0.26$
Considering the huge number of events and improvements on their roadmap for the next two months, I believe it will hold the support and bounce upwith more momentum
I would stop below the horizontal green line. As it's a project with a lot of upside potential I can be wider with stops.
Recently passed over the horizontal resistance
Bounced back from 1.618 Fib level and now probably going to retest the support at 0.26$
Considering the huge number of events and improvements on their roadmap for the next two months, I believe it will hold the support and bounce upwith more momentum
I would stop below the horizontal green line. As it's a project with a lot of upside potential I can be wider with stops.
Note
Support at 0.26$ tested, textbook.Trend broken up on smaller timeframes.
VERY Bullish!
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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.