This for educational purposes. Not intented for investment advice. Using Stage Analysis to study a potential breakout. I did this for my son who is a cryptocurrency miner and has been mining Nimiq.
This is for long position analysis of entry for the investor (not the trader). I will follow up with a trading educational video on shorter time frame.
NIM is in a stage one consolidation. It is trading below the 150 EMA . The 50 EMA is below the 150 but both are starting to trend sideways.
If it breaks above the 150 EMA on large volume , that would be the text-book entry according to stage analysis. ( Stan Weinstein) Setting an alert for the .003 cross over.
This is for long position analysis of entry for the investor (not the trader). I will follow up with a trading educational video on shorter time frame.
NIM is in a stage one consolidation. It is trading below the 150 EMA . The 50 EMA is below the 150 but both are starting to trend sideways.
If it breaks above the 150 EMA on large volume , that would be the text-book entry according to stage analysis. ( Stan Weinstein) Setting an alert for the .003 cross over.