ADA, OMG, EOS, 3 Types of charts, Leading, Trending and Lagging
These are the 3 main Types of correlated charts I am seeing in the Crypto space.
Type 1: These charts have moved off the low but have not yet broken out. These are lagging the others (i.e Not many people are paying attention = opportunity). e.g EOS
Type 2: These charts have broken out and are consolidating above or near the previous high. These are trending Bullish (look for entries on pullbacks and retests of support) e.g OMG
Type 3: These charts have broken out of the previous highs and are consolidating above all the price action since DEC 2018. These are leading the market (i.e Where the fomo is real) e.g ADA
Would you like to see my lists for Type 1,2 & 3 ?
Like & Sub...
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Type 1: These charts have moved off the low but have not yet broken out. These are lagging the others (i.e Not many people are paying attention = opportunity). e.g EOS
Type 2: These charts have broken out and are consolidating above or near the previous high. These are trending Bullish (look for entries on pullbacks and retests of support) e.g OMG
Type 3: These charts have broken out of the previous highs and are consolidating above all the price action since DEC 2018. These are leading the market (i.e Where the fomo is real) e.g ADA
Would you like to see my lists for Type 1,2 & 3 ?
Like & Sub...
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
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