SING, Singlepoint INC. High Risk Trading, Massive potential.Lets keep this one kinda simple.
I've been watching SING for quite some time now, and before I started charting, had seen the last rise from 250 to 600, which has lead me to start charting this as well for future reference.
Some things to note, this year SING has been fairly active, with a soon to be Crypto wallet release and MMJ -3.12% involvement along with recent news of their delivery system.
If you zoom out, we can see a semi weird chart, and a huge "wedge". I've drawn a wedge inside the bigger wedge for a potential breakout to the top area of the wedge , or failed breakout to the bottom of the wedge where I've labeled a safer green buy zone.
We have some buy signals on the 4 hr 0.56% , but nothing to be buying on. You can also see the Ichimoku crossing bullish for a moment, and now directing to a bearish cross once again, but not yet.
This is a short trade, as I wouldn't hold this for longer then it takes to reach its wedge walls, with possible 50% to 350% gains from the buy zone to top of wedge .
This is not a trade I would recommend since you could loose just as much as you gain, I play with this one for fun, fun coupons!
