Can it break out & key resistances to watch for next*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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CGLDUSD trade ideas
Lines and more lines....I plan to go long here.
You can see the price grinding up the trendline.
Also, CGLDUSD is respecting the fib like a good boy.
But, my big indicator is the pressure that will happen in that circle I have on the graph there.
What we may see is the price grind up that trend line and huge amounts of pressure build below the white (100 day moving average) and then pop.
Now I say long but if bitcoin goes to crap then that pressure may pop the other way which would make me a sad sad person.
Setting a tight stop here of 2%.
This is not financial advice do not follow it.
This is just my trade on my failure at drawing lines :)...
Looking for a move Oct 2 or Oct 3Just drawing some lines and boxes.
I am looking for a move Oct 2nd or 3rd.
We put in a higher low on Sept 30th with significant buying on Sept 19th.
Looks to be consolidating now.
Our first major resistance at 2.66 - 2.80 if we break above that we may go to 4.20$ with a move down.
If this happens we go to 3.75$ with an explosive move higher.
If this breaks down though I'm looking for 1.50$
Please don't trade off this I am not a financial advisor.