Waves is the coin we are looking at this week.
Waves is trying to break out of the downtrend and it looks like its succeeding.
It will try to find support at the 6811 level (established a long time ago) and that's where we are looking to enter.
It's currently laddering up.
Waves has been in accumulation for about 2 weeks now.
Because volume is not yet increasing a lot, there is some risk involved in this trade.
Still, 6811 is a pretty safe entry.
Target to sell would be 7400 since that's the first daily that has not been touched yet.
Stoploss would be at 6700, which is a little bit below the 12hr level of 6724.
I could have picked better coins when looking at profit potential, but I spend quite some time with Kiara on Monday to go over this chart.
That's why I'm submitting this for the chartoff to see if I can get feedback on it that helps both of us.
Waves is trying to break out of the downtrend and it looks like its succeeding.
It will try to find support at the 6811 level (established a long time ago) and that's where we are looking to enter.
It's currently laddering up.
Waves has been in accumulation for about 2 weeks now.
Because volume is not yet increasing a lot, there is some risk involved in this trade.
Still, 6811 is a pretty safe entry.
Target to sell would be 7400 since that's the first daily that has not been touched yet.
Stoploss would be at 6700, which is a little bit below the 12hr level of 6724.
I could have picked better coins when looking at profit potential, but I spend quite some time with Kiara on Monday to go over this chart.
That's why I'm submitting this for the chartoff to see if I can get feedback on it that helps both of us.
Trade active:
Looks like our entry was hit. We're now trading and got entry at 6811
Trade closed: stop reached:
Unfortunately we got stopped out yesterday. Another day, another trade :)