Weekly Stoch RSI indicates a new wave is beggining in the uptrend, price bounced from the last upward spike consolidation and its moving up slowly. Good entry point at the 49-51 range. Major resistances at 55 and 60, targets at 72.6, 107.86 and 143.07 according to trend based fibbo extension.
Yorum
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First target reached
Yorum
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Nearing the second target but market behaviour is changing to bearish, may be a good time to be cautious, take profits and wait for another entry.
Getting in now is liking trying to catch a moving train - and not knowing which way the train is headed. Crazy fluctuations.
Kakusexy
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@guppy_, every coin just had a major hit some minutes ago, as every stoch rsi began to move out of the overbuy zone. we will see some daily red bars this weekend probably. I closed all my positions for now.
guppy_
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@Kakusexy, you hit that one on the head. It's like the Red Sea.