***THE FOLLOWING ARE JUST MY PERSONAL IDEAS AND THE OUTCOMES OF TRADING BASED ON THESE ARE ALL ON YOU, THANKS***
Bullish market, forming n inverse cup n handle.
Currently bottom of the channel of the handle
Best entry point will be around 1800-1810 to price targets of 1850 with stop loss aroun 1780
Note the following from my 15m chart:
A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST.
B) The 50 day moving average is currently acting as a support.
C) A cup and handle has formed which is a strong indicator of an up move.
D) The key here is the purple resistance line, it...
THIS IS NOT TRADING ADVICE
THIS IS NOT INVESTMENT ADVICE
DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
I am a holder of bchusd and btgusd I have jettisoned all my btc...
I chuckle when I see the 'camps' of bch (minority) versus btc (majority) versus btg (tumbleweed) holders
Also at day and swing traders and various parties with skin in the game...
First Solar has formed a cup & handle pattern with nice opportunity to go long now. If a long position is taken and the price goes up, profit should be taken at max. 50. There is a long-term resistance formed at around 50. With Trump's energy opinions, this clean energy solution will likely reverse at 50 to continue its long term bearish trend.