Good day, everyone!
Today, I’d like to discuss a cryptocurrency that has recently caught my attention. The chart is quite clear, showing that the instrument has been consolidating on the daily timeframe for about a month now. As you may have seen from my previous posts, I typically follow the Volatility Contraction Pattern (VCP) by Mark, but I’ve adapted it by incorporating some of my own principles, resulting in a modified approach.
Now, focusing on the instrument, I anticipate a strong move from its current levels. We've formed three distinct legs and are now positioned at the top of the range, which is a key area to monitor closely. I expect some consolidation over the next 1-2 days, followed by a potential 20% return on investment (ROI). This outlook remains valid as long as the 0.3990 level holds, which will serve as our stop-loss point. The target to aim for is 0.5313.
Thanks for reading, and until next time!
RaW^
Today, I’d like to discuss a cryptocurrency that has recently caught my attention. The chart is quite clear, showing that the instrument has been consolidating on the daily timeframe for about a month now. As you may have seen from my previous posts, I typically follow the Volatility Contraction Pattern (VCP) by Mark, but I’ve adapted it by incorporating some of my own principles, resulting in a modified approach.
Now, focusing on the instrument, I anticipate a strong move from its current levels. We've formed three distinct legs and are now positioned at the top of the range, which is a key area to monitor closely. I expect some consolidation over the next 1-2 days, followed by a potential 20% return on investment (ROI). This outlook remains valid as long as the 0.3990 level holds, which will serve as our stop-loss point. The target to aim for is 0.5313.
Thanks for reading, and until next time!
RaW^
Not
price has taken out all the near highs. Holding it.Not
wow. The stock is up 12.5 percent for the day. A straight upmove of 7 percent after posting the chart. Magic ? Nah VCP powerRaW^
A vcp trader
Not
The stock is now 17 percent u8p for the day. 10-12 percent up from our entry. DAMN talk about timing.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.