Bullish Trend Continuation Indications:
1. Upward Bullish Trendline working as Support for price.
2. Have been consolidating above the trendline which is a positive sign
3. I would wait for price to close above the previous Green Candle's High on the Daily Timefrme to give me confidence that
Buyers are in control and they want to take it higher.
4. If price closes below Wednesday's low (0.135), then this trading plan will not be executed.
5. If I take a position, my target will be 0.210 (Previous Resistance), which may give a 40% gain on the position.
6. I will be closely watching and see how it develops further to take a buying position and will update accordingly.
Note: Please note these are my notes for my own future reference. By no means trading advice to anyone. Please do your own research before entering into any trade.
1. Upward Bullish Trendline working as Support for price.
2. Have been consolidating above the trendline which is a positive sign
3. I would wait for price to close above the previous Green Candle's High on the Daily Timefrme to give me confidence that
Buyers are in control and they want to take it higher.
4. If price closes below Wednesday's low (0.135), then this trading plan will not be executed.
5. If I take a position, my target will be 0.210 (Previous Resistance), which may give a 40% gain on the position.
6. I will be closely watching and see how it develops further to take a buying position and will update accordingly.
Note: Please note these are my notes for my own future reference. By no means trading advice to anyone. Please do your own research before entering into any trade.
Comment:
Daily Candle closed Bearish on the trendline.
Comment:
Comment:
CCA has broken lower and below the uptrend line, but it is now going down in a corrective fashion forming a Descending Wedge Pattern (Triangle).If the Daily Candle closes up above $0.150 level coupled with High Volume, only then I may take n Long Entry Position.