This is a medium risk trade. We have not labeled it as High risk because volatility has come down by a lot since few weeks ago. We are just slowly moving sideways in what is called an 'accumulation' zone. That means that it is getting itself together before it does the next run up or a bull run which can last anywhere from just 5 days to 52 days.
INDICATORS
RSI - Currently we have a somewhat undersold RSI at just under 40% on a daily chart which is a very good medium term buy signal.
MACD - With a macd looking the way it Is on a day chart, I would say that we should have a move up of at least 40% within weeks.
OTHER
Cindicator has come down quite a lot from it's top of 3000 earlier this year. I will not conclude that this is a 'J-curve' pattern but it definitely seems like it on a daily chart.
Targets are shown in Blue lines, however please set your own comfortable sell orders.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
INDICATORS
RSI - Currently we have a somewhat undersold RSI at just under 40% on a daily chart which is a very good medium term buy signal.
MACD - With a macd looking the way it Is on a day chart, I would say that we should have a move up of at least 40% within weeks.
OTHER
Cindicator has come down quite a lot from it's top of 3000 earlier this year. I will not conclude that this is a 'J-curve' pattern but it definitely seems like it on a daily chart.
Targets are shown in Blue lines, however please set your own comfortable sell orders.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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Kommentera:
We are still in heavy accumulation faze - be patient - risk minimizing investors do Stop Loss
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