DCR UP 200% after bullish signal πππ Now retrace?
DCR pumped 200% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background).
DCR broke out of the bullish Zone of the Ichimoku Cloud, which is bullish. The RSI is in the overbought zone at 87. RSI Brown at 108. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish , as it is pointing downwards. Currently DCR is way above its upper Bollinger Band , Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely forming Leg B. The risk to reward right now to enter this trade is bad.
Remember to always take profits and use proper risk management!
Thank you for reading.
NamasteΜ π
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
DCR broke out of the bullish Zone of the Ichimoku Cloud, which is bullish. The RSI is in the overbought zone at 87. RSI Brown at 108. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish , as it is pointing downwards. Currently DCR is way above its upper Bollinger Band , Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely forming Leg B. The risk to reward right now to enter this trade is bad.
Remember to always take profits and use proper risk management!
Thank you for reading.
NamasteΜ π
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
Beware of scammers. I do NOT have Telegram, Discord, Instagram, Twitter, Youtube or Facebook.
Tradingview is the only channel I use.
Tradingview is the only channel I use.