We have had a very big retrace now but are showing support that should hold on the 15 minute chart and 1 hour chart which is basically the same moving average. Also we have reached close to the top of the previous wave which is generally a good indication of a completed retrace. No guarantees but this looks to be a good entry range to go long. If you bought in around the 470 range like I did and are still holding wait for the next rally and hold for the top of the rally. You will know the top by using your indicators at the bottom of my charts. Then you can decide to sell out at the rally top or if you see good volume come back we could potentially move back towards the daily high. However, my feeling is that this is an unlikely play now due to the action on bitcoin and Etherium drawing in traders. You must use your own decision here regarding the long on this coin. I have been in and out of this coin 4 times today but may take one more entry.
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Also after this big of a drop we will usually see a double bottom before the sustained rally higher.
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bought back in here but only one quarter position to start
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Cycle is topping
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landing at 437 on the 200 MA on 10 minute chart so I will add one more quarter position
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440 is the best i could get
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selling
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will look for a better entry that is either lower or higher but indicates bullishness
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doesn't look good
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Crashed last night from lack of sleep so I missed a rally. Please see chart below showing my anticipated buying areas.
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I had a feeling it would retest the older channel trend line bottom and reconnect with the 200 MA support line. No biggie. I added some more. Hoping to see some really good divergence on the Stochastic RSI which would indicate a strong move up.
