An observation on the 12-Hour SHIB Chart: Long Swing Trade
*Extreme green candles are not recommended to open a trade on in a down-trend. Not all trades are successful. Do your own Due Diligence to maximize your success with this observation before making ANY trade. This is not financial advice; this is just an observation. Don't invest with currency you're not willing to lose*
Crypto Currency: SHIBUSD
Time Frame: 12-Hour
Main Chart: 5 EMA, 13 EMA, 20 SMA
Sub Charts: MACD, RSI 14 with 14 SMA line, Volume with 20-period average volume line
Main Chart Musts: 13 EMA Must cross over the 20 SMA. 12-Hour Candle body and lower wick Must be completely above the 13 EMA. Must exit position on ANY close under the 5 EMA.
Sub Chart Musts: MACD must be green. RSI must be relatively or recently over-sold near 30; or the RSI must be testing support on the mid-line (50), and the RSI must be above the RSI 14 SMA line. Volume must be relatively close to, or above, the 20-period average volume line.
Optional: Bollinger Bands; 20 SMA with 2 standard deviations
Crypto Currency: SHIBUSD
Time Frame: 12-Hour
Main Chart: 5 EMA, 13 EMA, 20 SMA
Sub Charts: MACD, RSI 14 with 14 SMA line, Volume with 20-period average volume line
Main Chart Musts: 13 EMA Must cross over the 20 SMA. 12-Hour Candle body and lower wick Must be completely above the 13 EMA. Must exit position on ANY close under the 5 EMA.
Sub Chart Musts: MACD must be green. RSI must be relatively or recently over-sold near 30; or the RSI must be testing support on the mid-line (50), and the RSI must be above the RSI 14 SMA line. Volume must be relatively close to, or above, the 20-period average volume line.
Optional: Bollinger Bands; 20 SMA with 2 standard deviations
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