Long
touching top of pitchfork
My trade last night in retrospect could have been better. My sell target was too ambitious given the amount of room left to grow in this pitchfork. It could have been a good scalp between 55 and 57, but nothing more.
That being said the mid term outlook for this token is still good.
The price action is still moving well within the pitchfork and we can expect it to continue further.
Early warning signs of a reversal are when price action falls below pitchfork trading range in a rounded top or if it makes a parabolic move out and above the pitchfork (similar to the NANO rally).
buy target is 45-46 here, ill update with sell targets if we get that far.
That being said the mid term outlook for this token is still good.
The price action is still moving well within the pitchfork and we can expect it to continue further.
Early warning signs of a reversal are when price action falls below pitchfork trading range in a rounded top or if it makes a parabolic move out and above the pitchfork (similar to the NANO rally).
buy target is 45-46 here, ill update with sell targets if we get that far.
Note
This is an update on 1 min graph with heikin ashi. It looks like the price will be going down further.
Note
still looking to pick up at 45
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.