Naked trading: stock may consolidate or go up. Resistance and support area are marked with a blue line.
Baseline at test of 20 day moving average .20 price: 20 day moving average crosses above 50 day moving average indicating beginning of uptrend
30,000 shares bought at .30 with a .70 increase to 1.0 your profit is $21,000
If bought @ previous low .16 with 30,000 shares with the current price at .32 with a .16 price increase your current return with NO STOPS is $4,800. @ 1.0 with a .70 increase your profit is $21,000
After stock goes over .40 stock of Cryptocurrency is the real deal to hit $1
@ .40 is when the blue 20 day moving average crossed below the 50 day moving average indicating the beginning of a downtrend on the daily chart while still above the 200 day moving average indicating the market is still up.
Morning Star candlestick pattern indicating a possible break through resistance
Possibly within 5 days stock price will hit .40 from previous support area breaking through prior resistance.
If this candle closes at current position, it would be called a Bullish Harami candle stick pattern.
On hourly line chart 20 hourly moving average crossed below 50 hourly moving average indicating a downward trend while above the 200 hourly moving average indicating that the market is still up.
20 hourly moving average crossed above the 50 hourly moving average and is above the 200 hourly moving average indicating price action is in a uptrend. (Buy)
If bought at current support area .30 with 10,000 shares and stock goes to 1.0 a .70 price increase movement with no stops, profit is $7,000.
If bought at previous support represented by blue line with a .08 increase @ 10,000 shares profit is $800.
Red arrows and blue line indicate the previous resistance area around on the daily chart.
Price action gets close to the 20 day moving average (20DMA) then starts to bounce off (20DMA)
Stock is coming back from lows: Can buy at this support area. Then hold shares and sell at the highs. Today may close at the highs in daily candle stick chart.
Cryptocurrency is coming back from its previous low at around .29: Buy into weakness and buy while the stock is down. Then hold and wait for stock to go up.
Today may possibly close at the highs after a 2 day pull back: Previous 2 day red candle sticks indicating a pull back back into an upward trend. Can buy due to being in the lows.