About meI am a swing trader with experience trading cryptocurrency for about a year.
My goal is to develop a disciplined trading system that has excellent risk management.
Goal for 2019: 500 paper trades.
This one seems like a bit of a no brainer for a 40% move before retracement.
10 day MA has flipped from resistance to support
RSI is telling a similar story
Volume has increased steadily over days
Sell when it touches the 'first trouble area' in the nearest overhead resistance.
Invalidated if it dipped back down to the local support, or 10 day MA failed to...
FSD Pharma looks like it is in accumulation, before a move upwards that could reach as far as the local resistance 'first trouble area' before retracing back down - there would need to be significant upswing in buying volume to go further than that.
Bollinger Bands looks awfully similar to how they did in July 2018 shortly before accumulation and...
Canopy looks overbought, if it cannot turn resistance to support on this second attempt, expect it to fall back to the diagonal trendline support. This would be a great point of entry for the next move upwards.
RSI shows overbought, a move down to the diagonal trendline would be in line with previous support zones on the RSI.