ANT has been in a bearish trend since the beginning of april and is starting to signs of a reversal.
What key points catch my attention?
We're down almost 80% since the top.
Breakout from descending trendline
A very nice Bullish Divergence on the OBV
This level is good support and we're slowly accumulating here.
Willy's and Stochastic are still in a downtrend but are definitely nearing the bottom end of their ranges.
Risk to reward is 2,75 from this point.
We're definitely not at a point to go all in here (that's never a good idea) but I'm comfortable to start building a position here.
How do I do this? I look at the total amount I'm willing to invest in a single project and I divide it by three.
I buy one part here, One part if we hit the ascending trendline again or when we make double bottom. If we retest double bottom center I will buy third part or at breakout of Willy's or Stochastic.
This way I'm not to vulnerable at any given point and I can slowly add to the position. If we go south I wait for extra signs and add more there, thus improving my average buyprice. From here to recent top is about 2,5x so there is plenty of upward potential.
Seeing more bullish signs / don't agree with what I see? Let me know!!
Cheers,
W
What key points catch my attention?
We're down almost 80% since the top.
Breakout from descending trendline
A very nice Bullish Divergence on the OBV
This level is good support and we're slowly accumulating here.
Willy's and Stochastic are still in a downtrend but are definitely nearing the bottom end of their ranges.
Risk to reward is 2,75 from this point.
We're definitely not at a point to go all in here (that's never a good idea) but I'm comfortable to start building a position here.
How do I do this? I look at the total amount I'm willing to invest in a single project and I divide it by three.
I buy one part here, One part if we hit the ascending trendline again or when we make double bottom. If we retest double bottom center I will buy third part or at breakout of Willy's or Stochastic.
This way I'm not to vulnerable at any given point and I can slowly add to the position. If we go south I wait for extra signs and add more there, thus improving my average buyprice. From here to recent top is about 2,5x so there is plenty of upward potential.
Seeing more bullish signs / don't agree with what I see? Let me know!!
Cheers,
W