Price has settled at the 78% line and also on the lower TL of an ascending channel.
We also have a wedge pattern formed. All of which suggest a bullish continuation, however it would be best to wait for the break and close above the 61% level and the TL. If you're a bit riskier you can possibly add a smaller position and DCA as price gets higher.
Ofcourse you have to pay attention to whats happening with BTC before deciding to buy into an ALT. Safest bet is to do nothing until price stabilizes and we confirm the up-trend is in the continuation phase.
Let me know your thoughts. Previous analyses linked
We also have a wedge pattern formed. All of which suggest a bullish continuation, however it would be best to wait for the break and close above the 61% level and the TL. If you're a bit riskier you can possibly add a smaller position and DCA as price gets higher.
Ofcourse you have to pay attention to whats happening with BTC before deciding to buy into an ALT. Safest bet is to do nothing until price stabilizes and we confirm the up-trend is in the continuation phase.
Let me know your thoughts. Previous analyses linked
Bình luận:
Bình luận:
Got the volume move I was looking for, however Im conflicted with closing the position at this point. Will leave the position open and risk taking some more drawdowns. If you want to take a less riskier route, put your stoploss or place a limit sell a little above your entry.
Bình luận:
Will take half the principal and leave the rest to run. Im expecting a pullback, however not certain what happens after.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
***From an investing POV this shouldnt be a worry