I like what I see on this asset at this level, though I wish there was more price history to validate support because it just recently "bottomed", but we all know that could go out the window on a significant fundamental move or maybe even another push higher by BTC.
Reasons:
1.) I like that it is near bottom of value and definitely in the location where I seek out potentially profitable assets.
2.) It was embedded oversold for a few months and now has emerged and even put a double bottom in, if it remains that way after close.
3.) There is clearly a lot of work to be done on the volume profile, but a return to the 50% level would put us above value and at significant return.
4.) There is a cute double bottom working in price action.
5.) Multiple moving average convergence, YES!
What I would like to see improve:
COMPUSD
1.) Would like to see green volume impetus
2.) Would like to see OBV turn up and cross moving average.
3.) Wish I had some support from past price action.
I also like relatively low circulating supply.
*This is for entertainment purpose only and should not be construed as financial or trading advice. DYOR.
Reasons:
1.) I like that it is near bottom of value and definitely in the location where I seek out potentially profitable assets.
2.) It was embedded oversold for a few months and now has emerged and even put a double bottom in, if it remains that way after close.
3.) There is clearly a lot of work to be done on the volume profile, but a return to the 50% level would put us above value and at significant return.
4.) There is a cute double bottom working in price action.
5.) Multiple moving average convergence, YES!
What I would like to see improve:
COMPUSD
1.) Would like to see green volume impetus
2.) Would like to see OBV turn up and cross moving average.
3.) Wish I had some support from past price action.
I also like relatively low circulating supply.
*This is for entertainment purpose only and should not be construed as financial or trading advice. DYOR.
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Trade still working away.
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Riding the wave 🏄🏻♂️
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🏄🏻♂️
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Aging like a fine wine.🥂