FartcoinLong
Fart is starting to pop - buy?
Fart just formed higher high in the daily chart. Stochastics (9,3,3) reached the overbought territory and are moving up. The price also closed and moved above the previous week mid.
The next hurdle for the bull is to move above the the previous higher high which is the previous month high at $1.30 area.
Daily MACD is in the bull zone and daily stochastics are resetting, which signals the upside momentums are building up.
The 4H MACD is entering the bullzone, but the only problem is 4H stochastic has already reached overbought territory. Once the stochastics comes down, resets and starts to move upwards, it might be a good area to open a long.
My general trading rules are below:
I use two time frames - weekly/daily and daily/4h.
1) MACD in the higher timeframe needs to be in the bull territory which is above 0. The angle of MACD is not important. It needs to be in the bull zone.
2) Stochastics (9,3,3) in the higher timeframe needs to reset and stochastics needs to cross and starts to move upwards. It cannot be in the overbought territory.
If these two conditions are met in the higher time frame, I go to the lower time frame to start looking for an exact entry point.
3) MACD lines in the lower timeframe properly cross and enter the bullzone or cross and move upwards above the bull zone. And ideally the stochastics in the lower time frame hasn't reached the overbought territory.
The next hurdle for the bull is to move above the the previous higher high which is the previous month high at $1.30 area.
Daily MACD is in the bull zone and daily stochastics are resetting, which signals the upside momentums are building up.
The 4H MACD is entering the bullzone, but the only problem is 4H stochastic has already reached overbought territory. Once the stochastics comes down, resets and starts to move upwards, it might be a good area to open a long.
My general trading rules are below:
I use two time frames - weekly/daily and daily/4h.
1) MACD in the higher timeframe needs to be in the bull territory which is above 0. The angle of MACD is not important. It needs to be in the bull zone.
2) Stochastics (9,3,3) in the higher timeframe needs to reset and stochastics needs to cross and starts to move upwards. It cannot be in the overbought territory.
If these two conditions are met in the higher time frame, I go to the lower time frame to start looking for an exact entry point.
3) MACD lines in the lower timeframe properly cross and enter the bullzone or cross and move upwards above the bull zone. And ideally the stochastics in the lower time frame hasn't reached the overbought territory.
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