Diamond looking like a GEM!

21 Nis 2018

Weekly
Looking at our higher time frame we can see major support has been tested and confirmed (0.00094000). Expecting a weekly wick feel up to 0.00118100, followed by momentum and break through our next major resistance zone 0.00120000—0.00140000.


Daily
Shifting over to out trend timeframe we can see although price is stuck in a descending triangle. Price and momentum are starting to build up getting ready to pop towards the upside. A daily close above 0.00096150 activates our trade.


4Hour
Switching over to our pattern timeframe we can see there some small room towards the downside (0.00091150). Expecting a bounce off our descending triangle pattern leading towards a breakout.


Hourly
Lastly looking over at our trigger timeframe we can see how choppy price is on the smaller timeframes. This is one of the big reasons why I tend to stick to the higher timeframes. Room for a small drop towards 0.00091100, should price hold here we can take an entry.

Conclusion
Buy: After break and close above 0.00096000 (OR) Bounce off 0.00091100
Sell: NOPE