The Story: This story is a continuation of a previous post. After Support hit we had double long signals from the Plutus system. We had a PRL and a Wyckoff Spring and up we go. Profit of 117 pips so far, get some profits in the bank because we are on Fib area! Enjoy! Learn to read and trade any market!
The Story: High PVR on 1st touch of support level = buying has started Increasing PVR as price moves down which means buyers on the down Double Long signal from Plutus WS and PL High PVR again without the price moving down and then moving up Therefore all the previous logic was correct and these were buyers. This called the "FOLLOW" methodology :"Let...
All the charts tell a story, that's the story of this one: We are hitting a support level for a second time Fake break support. The reaction after the fake break is a very PVR = buyers ..then a high volume up wave and price goes back into range (look left, not a wave size like that for a few days) Finally Plutus confirms the move and provides the...
The Story: Price coming down hitting 50 Fib Then we have an Abnormal Speed Index of 23.3 which means hard to move up=probable sellers Coming Down again hitting 61.8 Fib ... and PRS signal is out I will go short if 1hr closes below Fib 61.8, otherwise patience!
Learn to read the chart. The Story: We are balancing on a significant Fib 61.8 Last SI before the fake break of Fib quite High at 17.6, probable buyers Fake Break = Wyckoff Spring formation start. PVR quite high Plutus comes with a Long signal PRL Abnormal SI of 21.0 = buyers on the way down The reaction : large up volume wave with the corresponding...
No Entry because we are in Range, waiting for Plutus on Exit only, no the bias is neutral!
Plutus has had a breakout and retest of descending channel, looking ready to retest previous levels and potentially breakout. Very big believer in $PLU long term strong fundamentals and great team.
Looking very bad and I'm out of this coin, no volume coming after the re branding.