On the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
עסקה פעילה
הערה
Back up truck and scoop up the scraps from those still selling after a 90% correction. GRM support is currently under test.עסקה פעילה
support confirmedעסקה פעילה
GRM support has now confirmedהערה
45% so farהערה
possible swing trade, is overboughtDaily
הערה
100% in a little over two months.הערה
140%.A high probability confirmation, don't ignore it. Notice how many long ideas are now published on tradingview.com, after the move. Remember 90% of the folks in this game lose money, this is why.
2-day chart
עסקה פעילה
Never a false signal in 2 years. That is amazing.עסקה פעילה
wink wink nudge nudgeעסקה סגורה: היעד הושג
300% הערה
50 cents is likely to be strong resistance, it was where market structure previously broke. Look left.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.