Original idea here : https://steemit.com/penny-stock/@apok/just-an-idea-chart-art
"There are many perspectives and angles to see the market from, so try not to close the mind to any possibility... If the market behaves in a way you did not foresee, adjust the lens to figure out what you have been missing for a further understanding of the market..."
Had to do some adjusting on our bottom trendline, and we changed the color to green instead of red... Also eliminated our resistance trend lines for now
This seems like a more accurate fit, but we'll see. Really don't want to see any closes below this line... If we do get some, it may be time to re-analyze the whole trade... We are below our 10 day moving average again right now and would anticipate us to get above that again or just continue sideways for now. That RSI is still in oversold territory. Buying oversold and selling over bought seems to have been a profitable trade strategy
There was an opportunity to take profits and re-buy on the trend line, however the point of this trade was intended for much higher profit taking... I actually added to my position on the previous trendline that broke... You can do better than that... Below is our progress from the original idea in an hourly format. Since the original post we are in the red but sit on our support and look oversold again...
Allow me to address that this is not financial advice... It is recommended that you do your own due diligence, fundemental and technical analysis before purchasing any asset. I simply enjoy looking at the charts...
Happy trading and thanks for looking...