This is a pretty common pattern with these micro floater tickers. Retraced 50% of its move. Possible push coming. Overall bearish on this pump n dump ticker.
I was wrong on my previous post on this pairing. I believe this will more than likely make another leg up to fill the liquidity gap.
I'm currently NOT in this trade. I'm waiting to see what price is going to do.
since there isn't much history to go off of, I think this is bearish movement with the 3 drives in price and double top with 3/4 pullback right to the 78.6 retracement.
Nice double bottom with 3/4 pullback to the 78.6 retracement(natural movement in price). Since this going against the trend, ill only be looking for 50-60 cents with a tight SL.
Nice 3 drives in price to take prices higher. Since this is going against the trend I am taking some risk here, but It hasn't saw this in awhile so that gives me more probability to take a long.
We all can say this is down trend, but I'm seeing several reversal structures(bullish): 3 drives low, head and shoulders, and double bottom.
As for the bearish side I'm seeing a nice flag forming.
Nice double top with a 3/4 pull back to the 78.6 retracement(natural movement in price). I entered at the 61.8 retracement and profit target is the 1.50 retracement.
