Chart Pattern Analysis Of MSTZ.

6天前

https://www.tradingview.com/x/vG9K5KvG/
K2 started with a bull gap and break up the resistance but failed to close upon the neck line to start another bull run,
And furthermore,K3 verified a potential fake up.
If the following candles close below the upturned line,
It is possibly that a larger scale bearish triple top pattern is on the way.

On the other hand,
If K4 failed to create a lower low to verify the bearish momentum,
And even stand upon the resistance or consolidate around the resistance,
It is likely that a larger scale bullish double bottom pattern is on the way,
That will take the price up to 34-44USD area.

I am expecting a larger scale bullish Rounded Bottom pattern here with a cup handle starts with K3 and lasts for days,
And then, I will try to buy it.

4天前

注释

From K2 to K5,
It is a bullish uptrend three method pattern with sharply increasing demands,
But unfortunately, it failed to close upon the neck line to start another bull run immediately.
So, it is still possible that K6 or K7 fall to test the nearest support.

If that is a fact,
I will try to buy it along 18.5-18.8USD area.
And another strong support at about 16.5USD area.
That is possibly another good place to buy it there.

At the same time,
The following candles should not close below K5 immediately,
If that’s a fact,
The risk will sharply increase here.