PDXP - Possible LONG breakout
Positive Indicators
- Higher than average volume in recent months
- Solid resistance line at $0.015
- Candles will likely break through 13-day EMA resistance in first week of February
Negative Indicators
- Overall trend is clearly Bearish
- Stochastic RSI indicator has been near overbought for nearly 2 months
- Must break through additional resistance line at $0.009
Hypothesis
- If the market creates enough buying pressure to break through the triangle resistance line, the 13-day EMA resistance line, and the $0.007 resistance line, it will very likely shoot up to $0.015 or possibly beyond in the 1-3 days following the breakout
Strategy
- Buying in and selling off using dollar cost averaging and stop losses as a method of mitigating risk
- Only investing a max of 10% of total capital
- Higher than average volume in recent months
- Solid resistance line at $0.015
- Candles will likely break through 13-day EMA resistance in first week of February
Negative Indicators
- Overall trend is clearly Bearish
- Stochastic RSI indicator has been near overbought for nearly 2 months
- Must break through additional resistance line at $0.009
Hypothesis
- If the market creates enough buying pressure to break through the triangle resistance line, the 13-day EMA resistance line, and the $0.007 resistance line, it will very likely shoot up to $0.015 or possibly beyond in the 1-3 days following the breakout
Strategy
- Buying in and selling off using dollar cost averaging and stop losses as a method of mitigating risk
- Only investing a max of 10% of total capital
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.