So let's not argue with the indicator. T1: Previous TOP.
So let's not argue with the indicator. T1: Previous TOP.
So I'm not going to argue with the indicator...
I'm now scalping long up to $2.25 - further price action will be observed in this topic. Currently locked in medium term bullish pennant, price will most likely re-test both of the resistance/support levels number of times until breaking out. Two scenarios presented in green and red. If interested in my point of view, comment and follow the idea. #IOTASTRONG
Accumulate and HODL
Here you go Daire - not a financial advice ;)
Double bottom, support at 200 Daily EMA. Target/Resistance in green, support/demand in red.
Consider red lines as support/resistance. Never forget importance of 21, 50, 100 and 200 Daily Moving Averages
We are possibly not far from a significant retracement... Let's watch the significant 21 Weekly Moving Average.
Two bullish scenarios based on previous price action. More probable red, and less probable blue. We are in oversold areas on daily RSI, on weekly JSW currently struggles with 200 W EMA - that is a really strong resistance. Once that is broken with confirmation I am switching from bear to bull. For now neutral post as situation is yet unclear.
It is probably a good idea to buy this coin at confirmation of broken long term resistance (in blue). Invest 2% SL c. 5%.
trading log: RSI bullish divergence on multiple time frames... invested 1%
Trading log: purchased 1 000 000 contracts @0.002758. Don't mind my charts...