Ok so I'm fairly new to understand indicators, pricing patterns and other such charting tools but I'd really love some expert advice and thoughts on a extreme beginners first attempt at a price prediction in a strange strategy and mix of polar opposite indicators that I believe could still provide an accurate outcome.
Ok so my prediction is sometime around 8:00 on Jan 19 the price for ENJIN will settle somewhere around 0.22280536
I came up with this by placing swing trading pattern indicators on my chart then seeing the difference between the pivots in highs and lows
With around . 02 to .05 movements on average,
Leading me to believe the recent spike in volume occuring in the 17th was FOMO buying resulting in ENJIN finding new support at 0.22404000 then bouncing through to the 19th settling right around the new support level at
0.22280536
The main way I came up with this prediction was making the trend line run along the swing average give or take and then using bill williams 3 lines to determine if the spike was going to be a constant up trend or a flash buy.
Anyone who knows what they're talking about I could use some advice or thoughts on this strategy and charting. (The fans just for me to weigh out P/L)
Ok so my prediction is sometime around 8:00 on Jan 19 the price for ENJIN will settle somewhere around 0.22280536
I came up with this by placing swing trading pattern indicators on my chart then seeing the difference between the pivots in highs and lows
With around . 02 to .05 movements on average,
Leading me to believe the recent spike in volume occuring in the 17th was FOMO buying resulting in ENJIN finding new support at 0.22404000 then bouncing through to the 19th settling right around the new support level at
0.22280536
The main way I came up with this prediction was making the trend line run along the swing average give or take and then using bill williams 3 lines to determine if the spike was going to be a constant up trend or a flash buy.
Anyone who knows what they're talking about I could use some advice or thoughts on this strategy and charting. (The fans just for me to weigh out P/L)