MEGAPHONE Pattern
Folks,
What about REN... To my surprise not only the technical looks great but also the fundamentals in the essence of the TOTAL supply of tokens.
Check it on coin market cap and you'll see the total supply is fully diluted.
The Megaphone pattern normally forms after major market moves and is a projection of a market that is out of control and unusually emotional.
But in context with the fundamentals, where the project stands for, the amount of tokens that are circulating I think this can become quite great the next months..
Back to the chart.. What is the probability of prices going to dip??
It happened 3 (3 out of 3) times earlier when prices hit the upper band of the (trend line) megaphone line...
When price dips back between 20/30% be ready to jump in and buy the dip to make a beautiful swing trade...
Notice me talk in probabilities because what happened in the past isn't a guarantee for the future.. It is only for forecasting value and we can be wrong.
But this is what people mean when talking about an edge..
An edge is nothing more than an indication of a higher probability of one thing happening over another..
Keep an eye on it..
And plan your trade and when your plan is hit trade the plan..
Hit the like button for more to come if you find it useful.
What about REN... To my surprise not only the technical looks great but also the fundamentals in the essence of the TOTAL supply of tokens.
Check it on coin market cap and you'll see the total supply is fully diluted.
The Megaphone pattern normally forms after major market moves and is a projection of a market that is out of control and unusually emotional.
But in context with the fundamentals, where the project stands for, the amount of tokens that are circulating I think this can become quite great the next months..
Back to the chart.. What is the probability of prices going to dip??
It happened 3 (3 out of 3) times earlier when prices hit the upper band of the (trend line) megaphone line...
When price dips back between 20/30% be ready to jump in and buy the dip to make a beautiful swing trade...
Notice me talk in probabilities because what happened in the past isn't a guarantee for the future.. It is only for forecasting value and we can be wrong.
But this is what people mean when talking about an edge..
An edge is nothing more than an indication of a higher probability of one thing happening over another..
Keep an eye on it..
And plan your trade and when your plan is hit trade the plan..
Hit the like button for more to come if you find it useful.
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