Hello everyone, this is our view on bcheur, enjoy!
Analysis:
Technicals don't lie: huge volume spike detected on small timeframes, signal the pump is not over yet. If whales keep pushing it this way (following the Elliott impulse waves) those are price targets. Brokeout of an ascending channel just to make another one higher which we probably won't break this term. If reaches the major falling wedge then buy at retracement. Golden cross formed by ma9-ma25 on last candle, maybe marking this breakout or, more probably, completing this small uptrend. Wma25 supporting the price very well, an eventual breakdown would bring us to second trendline, but not to my stoploss. Bullish engulfing marked on chart. Overbought on bollinger, wait for a retracement, don't fomo. Very big ichimoku cloud and keeps super bullish. Big bullish divergence and smaller bearish divergences on fisher, i believe we'll retrace and then go up once again. Bull divergences on many laggings (chaikin, moneyflow, rsi, stoch (14,3,3), uo). Stoch also looking good on smooth 50. Very good momentum marked on ao and macd, which is also forming a golden cross. Greed accumulation.
Strategy:
Wait for daily closure or follow our entries and targets
Entry: 218.35-215.19-197.07
Target (short-term): 238.77
Sell (mid-term): 246.46-258.14-277.73-300+
Stoploss: 188 (8% from average)
High risk for big gains!
Trade safe. Anlvis.
Analysis:
Technicals don't lie: huge volume spike detected on small timeframes, signal the pump is not over yet. If whales keep pushing it this way (following the Elliott impulse waves) those are price targets. Brokeout of an ascending channel just to make another one higher which we probably won't break this term. If reaches the major falling wedge then buy at retracement. Golden cross formed by ma9-ma25 on last candle, maybe marking this breakout or, more probably, completing this small uptrend. Wma25 supporting the price very well, an eventual breakdown would bring us to second trendline, but not to my stoploss. Bullish engulfing marked on chart. Overbought on bollinger, wait for a retracement, don't fomo. Very big ichimoku cloud and keeps super bullish. Big bullish divergence and smaller bearish divergences on fisher, i believe we'll retrace and then go up once again. Bull divergences on many laggings (chaikin, moneyflow, rsi, stoch (14,3,3), uo). Stoch also looking good on smooth 50. Very good momentum marked on ao and macd, which is also forming a golden cross. Greed accumulation.
Strategy:
Wait for daily closure or follow our entries and targets
Entry: 218.35-215.19-197.07
Target (short-term): 238.77
Sell (mid-term): 246.46-258.14-277.73-300+
Stoploss: 188 (8% from average)
High risk for big gains!
Trade safe. Anlvis.