PSGUSDT
PSG time to buy!After checking tendencies for PSG token fans I saw I high Elliot's wave in decreasing for but after checking RSI and comparing with MACD volumes I detected a new tendency pattern which indicates that PSG is going to increase his value and seems that this tendency will continue for some time.
PSGUSDT --> Risk -5% for +50% PUMP?I was gonna put the high risk label on this trade... but honestly... I really don't think this is high risk. (It DOES depend on your risk management, if you commit too much to this... well don't do it!)
You can see that twice before PSG went sideways for 3 days, then 5 days, and pumped, shows PSG likes to pump UP after significant sideways price action.
We also see that PSG can BREAK LOWER TREND LINE and still pump.
When it goes sideways, it sticks to a tight channel, which is what makes this trade viable. You know exactly what you need to risk in order to fail/confirm this particular pattern. If it comes down over 4%, this trade is cancelled.
If it comes back up into the channel, imo you have good odds at +50%
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PSG TRADE
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BUY: $42
TARGET: $65 (or previous high $58)
STOP: below $41.5 likely fails the trade.
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Fundamentals
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Rank #573
Market Cap = $54,688,829
Fan token PSG football team
Total Supply: 20,000,000
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Paris Saint-Germain F.CLooking very strong here. One of the best fan tokens on Chiliz/Socios right now. Compared to BAR or ACM or JUV... because PSG is still in the Champions League, people could keep on buying and the trend looks very strong.
PSGUSDT chart expected upper move From the trend and the strong surpass from the previous high that is resistance crossed with high volume
Paris Saint-Germain Fan Token (PSG)PSG/USDT has Momentum.
A Fan Token for Paris Saint-Germain Football Club on Chiliz Chain.
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and are therefore are unqualified to give investment recommendations.
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This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
PSG/USDT Update: Fully reached our > 100% TargetPSG had a great run mainly because of its champions league victory.
I guess it stays that way that in case of a win we go up and in case of a loss we go down.
A bit like casino.^^
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.