So yeah that 13% drop was kinda rough and although I'm not worried about it as the market is still to grow I don't wanna be stuck on a long sideways trend when I could be finding other rockets. So here is a better idea of what's going on right now. My main point is watch if this thing bounces off the SMMA and the volatility will swing into buyers favors.
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The bounce results are in we are in the clear for the uptrend candles now off the 13% Volatility drop.
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Oh and the downtrend percentage was 25% so it was very unlikely to go downtrend.
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My order is still hauling for the long position.
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SMMA 7 Bounce On 1 Day Chart is looking Juicy
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Today (March 15th) looking forward to the 1 day red candle going green and shooting off the EMMA 7 Bounce. Tomorrow and Next days are Golden because of the EMMA 7 Bounce that happened. This is a new market with no annual yet but based off the momentum gain it is still shooting up to 40 Dollars for the estimated annual. We are also very much inside a golden pocket zone and big gains are to be expected, were only getting started really.
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With such a strong support, strong bull strikes, and stubborn sell sharks over a week hitting a perfect EMMA 7 Bounce on the 1 Day Chart I only see the trend being forced to continue on the one day graph for this market, coming close to the strong bounce point but still went up to a sideways trend and not hitting it. Its only evident that the trend must continue off a EMA 7 One Day Bounce, buyers will not give up and sharks will have to move for a higher food chain or they are just loosing out on a slow sideways bull market and holding it back, take note we are really just facing sell order resistance from the last big pump before the next rocket comes any bull strikes from here will pump now.
Trade closed manually:
RNDR Struggling to break resistance after the intuition sold out. Flatlined again. Closed Position with some minor losses moved into a AKT position.
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Predictions still show strong EMA SMMA and RSI Increases, will break after a few days but if market stays flatlined, will invest on another positive sign. However very well could lead to a bigger negative reversal if buyers cannot hold the flatline. If I invest after a negative large scale decrease it will be on a 1 day chart Low Level Bounce and may reopen a position.
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The drop after the flatline push highlighted here really tapped its drop very lightly and that's the reason were stuck on a flat again without enough momentum to push off a support level, I will still be looking for any signs of a pump and will notify you if the market is gonna die or pump.
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My honest thoughts though is it will trend again once I see a good 4 Hour Sign. its currently hugging a light level SMMA Bounce, and EMA still got allot going for it.
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It pumped 30% Missed it sadly (March 17th)
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Happened way to quickly to open a position but will hold a bit farther. GG to the resistance holder and breakers! Really shot RNDR to my target in literally an hour!
Trade active:
Opened a position @ 12.75 Goal at tomorrows daily high target before a nightly balance. Continuation until trend finds a icecake topping around 75%
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Bounce Target hit and moving up, awaiting the pump.