Hello folks,
Another analysis, let's give it a shot shall we!
THC is high in volume, which is why I believe analysis is possible, since there's a lot of eyes at it, which gives indicators more credibility (BITTREX's POV).
I've marked possible Buy/Sell/Stop-loss area's for you to create a trading strategy around. I'm just curious to see how it will unfold.
Seeming to go into a downtrend, yet I see bullish candlesticks; Hammer Candlesticks.
With the yellow lines I marked a possible convergence point, which - could - lead to a break-out at the crossing.
- Or -
It will go down further, creating a LH (Lower High) LL (Lower Low) downtrend, which would indicate it won't make a bounce back up, so either one is possible.
The support line is however right at the stop-loss line. If that is broken, I would take it as a selling point for your strategy, other wise I believe from there a new trend can be started.
Goodluck folk!!
Another analysis, let's give it a shot shall we!
THC is high in volume, which is why I believe analysis is possible, since there's a lot of eyes at it, which gives indicators more credibility (BITTREX's POV).
I've marked possible Buy/Sell/Stop-loss area's for you to create a trading strategy around. I'm just curious to see how it will unfold.
Seeming to go into a downtrend, yet I see bullish candlesticks; Hammer Candlesticks.
With the yellow lines I marked a possible convergence point, which - could - lead to a break-out at the crossing.
- Or -
It will go down further, creating a LH (Lower High) LL (Lower Low) downtrend, which would indicate it won't make a bounce back up, so either one is possible.
The support line is however right at the stop-loss line. If that is broken, I would take it as a selling point for your strategy, other wise I believe from there a new trend can be started.
Goodluck folk!!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.