Luna / TetherUSLong
Long Lunausdt.
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^
Note
price has taken out all the near highs. Holding it.Note
wow. The stock is up 12.5 percent for the day. A straight upmove of 7 percent after posting the chart. Magic ? Nah VCP power
RaW^
A vcp trader
Note
The stock is now 17 percent u8p for the day. 10-12 percent up from our entry. DAMN
talk about timing.
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