ONEGLOVE trade ideas
GETS - Analysis based on Supply and DemandJune 2015 - June 2016- Price testing fresh & valid supply zone, which means zone hasn’t been revisited since. Price continues to form Drop-Base-Drop (DBD) formation creating new Non-Fresh but Valid Supply zone around 0.38 as it has been tested 3 times but seller too strong.
May - April 2017 - Price dropped from base, forming new base around 0.19-0.25 before testing new fresh & valid supply zone at 0.30-0.33, as can be seen from long shadow/wick from shooting star candle.
April 2017 - April 2018 - Price continues to buffer in base zone, but clearing sell order from the supply zone, ranging from 0.26-0.28. DBD formation continues and price further drops forming a new base.
Jun 2018 - Nov 2018 - Price continues to buffer in base zone again, and clearing sell order in 0.18-0.19 range, forming compression setup as more and more supply zone got cleared.
Dec 2018 - March 2019 - Price continues to fall until fresh & valid demand zone, this is the zone that we’re looking for to buy all in. Open weekly chart and you shall see it’s nearly all time low (ATL) zone, where big orders accumulating here.
Compression before made the supply cleared and no seller, hence when news come, you’ll find one single spike, BOOM!
