OK Cash vs USD idea
Updated
I am charting in USD to get rid of any BTC fluctuations. I find that the fib levels and price action aligns well against USD.
For this idea I think OK Cash has been pumped whole lot and needs to cool down. A lot of chart elements are lining up against it signaling a correction.
Look for reversal actions at key supports/ resistances - noted in colored boxes here - for short term trades.
Good luck everyone. Please comment if you have any questions.
Please note that this is not trading advice. People should make up their own opinions and use my analysis just as a reference.
It's uncertain times so we should be careful
For this idea I think OK Cash has been pumped whole lot and needs to cool down. A lot of chart elements are lining up against it signaling a correction.
Look for reversal actions at key supports/ resistances - noted in colored boxes here - for short term trades.
Good luck everyone. Please comment if you have any questions.
Please note that this is not trading advice. People should make up their own opinions and use my analysis just as a reference.
It's uncertain times so we should be careful
Note
Typo in MACD comment - "now" should just be "no "Note
Seeing hidden RSI div for higher time frames in 4h 6h and 1D. hinting that it will correct without going for a new ATH...Note
Started to go lower. There will be smaller bounces but I am staying out of all alts for now until BTC settles down.Note
might be helpful to zoom into the chart to see....Trade closed: target reached
Turned out pretty well!I hope people made money.
Trade closed: target reached
Likely completing wave C now. Going according to what i envisioned.
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