IMG Source : https://www.pexels.com/photo/black-laptop-computer-showing-stock-graph-69760/
It has been decided... going to make this a public trading diary with my thoughts and basic analysis... Not a pro here, so feel free to troll and bash as much as necessary... Comment, laugh and cheers! Thank you for taking the time to check it out...
Follow along...
Original Post : https://steemit.com/penny-stock/@apok/just-an-idea-chart-art
Update #1 : https://steemit.com/money/@apok/chart-art-gahc-just-an-idea-continued
Been holding this one for a little longer than intended but we are trusting the indicators we have chosen...
The old trend line...
Once again, a trend line adjustment... If this line fails and since we are below all key moving averages, we shall use the old support/resistance levels to find the next level of support. Truly think this is our bottom, but if we do drop further, we can look to the previous levels of support which are marked with our yellow lines in the chart below...
These are the new yellow lines on our chart marked at .0140, .0120 & .0110. By looking at the history of the chart, we can identify these levels as key points... Trend lines have been an experimentation for myself, so this is still and always was just an idea... A more familiar previous resistance/support point may prove to be a better guide for this market, but we will see...
Once again, our theme for this market : "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..."
Analyzing the market from many different views can provide insight on the future behavior...
.0140
.0120
.0110
Possible next level supports...
Progress Update : Chart action since the original post in 2 hour candles...
Although the market fell below our expectations, and we are currently losing on the trade, it is not time to panic. Even if we do decide we have lost interest in this market, now is not the time to sell according to the RSI... Now is time to trust the indicators we have chosen to use...
This is not financial advice... This is simply my trading diary that I have chosen to share... 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...
Good luck to you all out there and happy trading!