From NOW ON I will post lots of analysis and updates … so pls follow and pls check back frequently …
Crypto Screener™ – 1 week frame – (by TradingView) Rating: SELL
Technical Indicators – 1 week frame – (by TradingView & intotheblock): SELL
– Summary: 11 ; 10 Neutral & 3 –> SELL
– Oscillators: 0 ; 9 Neutral & 2 –> BUY
– Moving Averages: 11 ; 1 Neutral & 1 –> STRONG SELL
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
My Opinion: SELL – Bearisch under USD 22,812
Support @ USD 18,432
Signal Force (0-10): 8 = strong force
Pls like and follow for updates and more analysis using this awesome Swing Trading Indicator (“STI”) for 15m and higher Charts with Alerts for Long, Short, Stop Loss/ Take Profit Levels and Trend Changes.
– Wait for New Up or Down Trend. You may set two alerts accordingly (Alerts: “STI”, New Up Trend or New Down Trend, Once Per Bar Close, Open-ended if you have TV premium).
– Do NOT enter any trade yet!
– In Up Trend wait for Down Crossover of Price with Signal Line I for Long Trade (Alert: Underlying, Crossing Down, “STI”, Signal Line I, Once Per Bar, Open-ended if you have TV premium), or
– In Down Trend wait for Up Crossover of Price with Signal Line II for Short Trade (Alert: Underlying, Crossing Up, “STI”, Signal Line II, Once Per Bar, Open-ended if you have TV premium).
– Set Stop Loss for Trade at Stop Loss Line I for Long Position or at Stop Loss Line II for Short Position. IMPORTANT: This must be done at Trade Inception or at least use Line Values from the Time you entered the Trade (as the Lines are repainting)!
– Set Take Profit at two Times the Risk.
– Wait for Price to hit either Take Profit, Stop Loss, OR occurrence of a Trend Change (Alert: “STI”, Trend Change, Once Per Bar Close, Open-ended if you have TV premium). Close Trade.
– If your Trade hit Take Profit you may wait for the next crossing of Price with the applicable Signal Line and enter a new Trade.
NOTE: The Risk of Trend Exhaustion increases over time and a Trend Reversal will be more likely the longer the current Trend persists. Please use appropriate Risk Management and Trade Size to avoid any bigger losses.
Not Financial Advice … Use at Own Risk.
If you have any questions, contact MoonrakerCrypto.
Thanks and happy trading everyone!
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