This looks like it's in the making for a triple bottom.
Price Action [PA] is in ranging in an 82% band since All Time Highs [ATH]
Price has been rejected at support near the $3 mark twice - this looks like the third bounce.
[u]The FACTS [/u]
1. Third time the 3 dollar mark is being tested.
2. On Balance Volume OBV is printing a massive BULLISH DIVERGENCE against the Price Action - see dotted white lines.
3. Relative Strength Index RSI is holding at JAN 22 last printed support level.
4. First major resistance zone is allocated in the red box - confluence found yellow fib level 0.382
5. $3 mark is classed as support.
[u]Conclusion[/u]
Spot buys right now are looking irresistible - a buy now with a Stop Loss S/L set pretty tight near range LOW of $2.45 is advised.
Higher resolution analysis is needed for HIGH leverage plays (x5-x20) - hold tight!
The THREE percentage gains marked at FIB LEVELS are PROFIT TAKING situations. Once! and only once profit is taken should you be looking for adding position in due course. DO NOT ADD BLINDLY!!!!!
Price Action [PA] is in ranging in an 82% band since All Time Highs [ATH]
Price has been rejected at support near the $3 mark twice - this looks like the third bounce.
[u]The FACTS [/u]
1. Third time the 3 dollar mark is being tested.
2. On Balance Volume OBV is printing a massive BULLISH DIVERGENCE against the Price Action - see dotted white lines.
3. Relative Strength Index RSI is holding at JAN 22 last printed support level.
4. First major resistance zone is allocated in the red box - confluence found yellow fib level 0.382
5. $3 mark is classed as support.
[u]Conclusion[/u]
Spot buys right now are looking irresistible - a buy now with a Stop Loss S/L set pretty tight near range LOW of $2.45 is advised.
Higher resolution analysis is needed for HIGH leverage plays (x5-x20) - hold tight!
The THREE percentage gains marked at FIB LEVELS are PROFIT TAKING situations. Once! and only once profit is taken should you be looking for adding position in due course. DO NOT ADD BLINDLY!!!!!
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。