A 85% correction since mid-September and oversold condition (orange columns), there now exists an ‘incredible buy’ opportunity on the above 1-day chart.
The RSI resistance trend line has been active since late August and has only recently been confirmed as support following a breakout. Currently price action finds support on the 21-day moving average during Bollinger Band constriction, which suggests a big move is coming.
1st target 80 sats / 225% from current price action.
On the 5-day dollar chart below price action is seen to have broken from major resistance whilst producing a Dragonfly DOJI candle. This is very bullish. Have scanned the entire alt-coin market traded on Binance, IoTeX is 1 of 7 USD charts showing this candle & breakout formation.
The RSI resistance trend line has been active since late August and has only recently been confirmed as support following a breakout. Currently price action finds support on the 21-day moving average during Bollinger Band constriction, which suggests a big move is coming.
1st target 80 sats / 225% from current price action.
On the 5-day dollar chart below price action is seen to have broken from major resistance whilst producing a Dragonfly DOJI candle. This is very bullish. Have scanned the entire alt-coin market traded on Binance, IoTeX is 1 of 7 USD charts showing this candle & breakout formation.
Trade active
Trade active
80% more Bitcoin in 10 short days ;)Trade active
1st target reached Trade active
Price action came down to test the 21-week, confirmed it, and now continues uptrend.Current return, 160%
Trade closed: target reached
Price action has massively shot past target resulting in a 14x This is a profit taking opportunity like no other, sell into strength.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.