JPPOWERThis Stock is making a upward Triangle Pattern. If the Stock crosses 24 price mark. It can give a great momentum upwards.
Upwardsmovement
SUPER/USDT Back on track. Whopping 1000% for new ATH.I will try to play around with different chart types and charting styles.
Please tell me what you like or dislike and why.
Thank you very much for your time.
SUPER made it back into the violet cone together with another volume increase.
There was a retest of the 0.38 line which probably did trigger some stop/loss as well.
However, we did get a strong bounce which indicates that we will move higher from here.
On the left hand side you can see the massive downfall of SUPER since its launch on Binance.
The volume however did increase massively during the last 30 days which is a great reversal sign.
Additionally the 50MA is above the 200MA and due to the current recovery this seems to remain the case.
For a new ATH we have to gain 1000% so fasten your seatbelts and enjoy the ride.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- 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.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
