TA (technical anylisis) RMHB https://www.tradingv
Post# of 75400
(Total Views: 705)
Posted On: 07/24/2019 11:54:10 PM
TA (technical anylisis) RMHB
https://www.tradingview.com/x/uh814vY1/
The closing above 50 WMA (weighted moving average) is very important but the bull must break the 8 EMA of 0.1017$ to confirm. failing to cross the 4 EMA above the 8 EMA would temporarely give power to the bears.
low of 19 of july must be held (0.0737) by bulls or lower level may be tested (mostly a buying opportunity! see below)
note: the latest raise was at 0.075 meaning that If the bankers sold above that level they can sell below and still make money...until they run out of share.
when done, the lack of selling pressure is bullish and normaly the price of shares goes up right after (If you are long this is of no consequence unless you wish to lower your cost per shares)
I would suggest putting buying orders below 0.075 every 0.005 in increasing amount of shares as your bid get lower. This will also have the effect of trapping more short sellers when bigger news arrives shortly.
This obviously does not applys if the 4 EMA crosses the 8 EMA and a lower high have been set...(meaning that the trend has changed)
https://www.tradingview.com/x/uh814vY1/
The closing above 50 WMA (weighted moving average) is very important but the bull must break the 8 EMA of 0.1017$ to confirm. failing to cross the 4 EMA above the 8 EMA would temporarely give power to the bears.
low of 19 of july must be held (0.0737) by bulls or lower level may be tested (mostly a buying opportunity! see below)
note: the latest raise was at 0.075 meaning that If the bankers sold above that level they can sell below and still make money...until they run out of share.
when done, the lack of selling pressure is bullish and normaly the price of shares goes up right after (If you are long this is of no consequence unless you wish to lower your cost per shares)
I would suggest putting buying orders below 0.075 every 0.005 in increasing amount of shares as your bid get lower. This will also have the effect of trapping more short sellers when bigger news arrives shortly.
This obviously does not applys if the 4 EMA crosses the 8 EMA and a lower high have been set...(meaning that the trend has changed)
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