As we see, the price is currently moving in a channel that goes upwards. If the RSI touches the trend line and the bars touch the orange trend will show whether the price will continue to rise. The course can thus go up to 500. The target was calculated with several Fibos.
Alright guys. Been working and backtesting this. There's so much money to be made, and the opportunity to flip accounts quickly and safely are at an all time high, thanks to the de-centralized and mostly unmanipulated marketplace, making the market (charts) very transparent for the experienced technical trader.
So with any trade there's a couple simple principles...