On the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Price action confirms trend reversal. Higher highs higher lows.
3) Price action confirms support on past resistance. (Green bar).
4) The inverse head & shoulders, you see it?
5) No share splits. True.
6) The bull flag pattern is used to forecast the projection as it was done twice before. Target area is $1000 per share.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Quarter 1 2024
Stop loss: Will say elsewhere
1) Price action and RSI resistance breakouts.
2) Price action confirms trend reversal. Higher highs higher lows.
3) Price action confirms support on past resistance. (Green bar).
4) The inverse head & shoulders, you see it?
5) No share splits. True.
6) The bull flag pattern is used to forecast the projection as it was done twice before. Target area is $1000 per share.
Ww
Type: trade
Risk: <=6%
Timeframe for long: Quarter 1 2024
Stop loss: Will say elsewhere
Trade active:
GRM support confirmed.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR