1) RSI's 2 moving averages have crossed already each other. Purple one went above green one and it is buy sign. Also RSI's Resistance Line was broken.
2) MACD shows that: Upper trend is gaining power because green bars are lengthing and it is dark green not light green.
3) Momentum Resistance Line did not work. Momentum increased a lot but it is still less than 0. It shows that: Down trend is losing its power but it may still decrease because it is less than 0. When it goes above 0 line it will be another buy sign. On the other hand, i drew support line of Momentum. If support line is not broken, it will be more than 0 and trend will go upper.
4) CCI's 0 line can be used for strategy and it is very important for some securities which lost its value more than %90. This is experience. If CCI cuts above 0 line, it will be buy sign.
5) This is not certain but may work why not. Target Price = (Highest price level + Lowest price level)/2
Target Price = 161$ ????
ALL COMMENTS DO NOT INCLUDE INVESTING ADVICE!!!
2) MACD shows that: Upper trend is gaining power because green bars are lengthing and it is dark green not light green.
3) Momentum Resistance Line did not work. Momentum increased a lot but it is still less than 0. It shows that: Down trend is losing its power but it may still decrease because it is less than 0. When it goes above 0 line it will be another buy sign. On the other hand, i drew support line of Momentum. If support line is not broken, it will be more than 0 and trend will go upper.
4) CCI's 0 line can be used for strategy and it is very important for some securities which lost its value more than %90. This is experience. If CCI cuts above 0 line, it will be buy sign.
5) This is not certain but may work why not. Target Price = (Highest price level + Lowest price level)/2
Target Price = 161$ ????
ALL COMMENTS DO NOT INCLUDE INVESTING ADVICE!!!
Trade closed: stop reached
Stopped with -15% loss. I exit from position. It will decrease more.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.