Hi, my fellow crypto friends! Here I am again bringing the power of Technical Analysis to the crypto community and like everyone, waiting for better times to make a profit.
So without further ado, let's talk about what matters.
As you all can see in the 4H chart 0x has done very well from March 18 to May 10, following a huge uptrend channel(BLUE LINES) and crossing up an ascending triangle pattern (WHITE).
However, since everything that goes up an hour has to go down, 0x broke down the uptrend channel making a correction of -32%. Not so bad could have been worse.
And now apparently the soldiers took their swords and are going to the war with full force. If we see in the MACD it had shown to us a bullish crossover (YELLOW CIRCLE) a big bullish trend signal.
My guesses: The ideal would be to wait for prices to return to the high channel, making the purchase soon after the price hitting - 0.00207203 - Until there the EMA20 (BLUE) probably will be leading the run, making the purchase more assertive.
But if you like to play in the hard mode, you can enter now and make a profit in the short term. In both circumstances, you should always be nimble to make updates in you stop positions.
I hope this review has been helpful and always remember my fellow friends, I'm like everyone here who is trying to improve my views on charts and patterns, never take this as a financial advisor because you are on your own.
If you liked or if you have an opinion to share, I'll be happy to read it.
So without further ado, let's talk about what matters.
As you all can see in the 4H chart 0x has done very well from March 18 to May 10, following a huge uptrend channel(BLUE LINES) and crossing up an ascending triangle pattern (WHITE).
However, since everything that goes up an hour has to go down, 0x broke down the uptrend channel making a correction of -32%. Not so bad could have been worse.
And now apparently the soldiers took their swords and are going to the war with full force. If we see in the MACD it had shown to us a bullish crossover (YELLOW CIRCLE) a big bullish trend signal.
My guesses: The ideal would be to wait for prices to return to the high channel, making the purchase soon after the price hitting - 0.00207203 - Until there the EMA20 (BLUE) probably will be leading the run, making the purchase more assertive.
But if you like to play in the hard mode, you can enter now and make a profit in the short term. In both circumstances, you should always be nimble to make updates in you stop positions.
I hope this review has been helpful and always remember my fellow friends, I'm like everyone here who is trying to improve my views on charts and patterns, never take this as a financial advisor because you are on your own.
If you liked or if you have an opinion to share, I'll be happy to read it.