Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
First time to a TA on this pair. I'm not particular with the fundamentals of this coin as I focus more on technical.
Daily Timeframe
This coin go up by 160x from March 2020 up to today. If you're all in this coin, then WOW!. I think the trend is currently at Wave 4 of this Larger Wave 5. I'm not sure if this will bottomed soon for a chance buy but the daily timeframe tells us of a potential bullish divergence. I think the main confirmation to buy this coin is the following:
1. RSI is holding above 50 Level;
2. Stoch RSI has bullish crossover; and
3. MACD has bullish crossover.
As you notice in the chart, EMA 21 is holding as support for the price. If it holds with bullish confirmations above, then there is a higher probability of moving higher prices.
Resistance Levels (It could be a target price) to break to reach 1.618 Fibonacci at $ 0.0705752:
1. Daily Resistance at $ 0.028
2. 1.272 Fibonacci at $ 0.0336145
Four Hour
If EMA 21 in Daily break as support, next price stop is at MA 200 4HR. Other Explanation in the chart.
One Hour
In the chart.
_______
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
First time to a TA on this pair. I'm not particular with the fundamentals of this coin as I focus more on technical.
Daily Timeframe
This coin go up by 160x from March 2020 up to today. If you're all in this coin, then WOW!. I think the trend is currently at Wave 4 of this Larger Wave 5. I'm not sure if this will bottomed soon for a chance buy but the daily timeframe tells us of a potential bullish divergence. I think the main confirmation to buy this coin is the following:
1. RSI is holding above 50 Level;
2. Stoch RSI has bullish crossover; and
3. MACD has bullish crossover.
As you notice in the chart, EMA 21 is holding as support for the price. If it holds with bullish confirmations above, then there is a higher probability of moving higher prices.
Resistance Levels (It could be a target price) to break to reach 1.618 Fibonacci at $ 0.0705752:
1. Daily Resistance at $ 0.028
2. 1.272 Fibonacci at $ 0.0336145
Four Hour
If EMA 21 in Daily break as support, next price stop is at MA 200 4HR. Other Explanation in the chart.
One Hour
In the chart.
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT