I can see a large ascending parallel triangle that has built over the last 7 days. Buy on breakout above $38. Be aware that often in this type of breakout we may come back down to test the upper trend line of the triangle after the breakout. The height of the triangle takes us to our target 2.
Also there is a large bull flag forming which is another strong pattern and we would look to see a break up above the upper trend line before buying at around $38. The height of the flag pole takes us to to our target 1.
Target 1 - $49.5
Target 2 - $55.00
SL: $32.5
Happy trading!
Also there is a large bull flag forming which is another strong pattern and we would look to see a break up above the upper trend line before buying at around $38. The height of the flag pole takes us to to our target 1.
Target 1 - $49.5
Target 2 - $55.00
SL: $32.5
Happy trading!
Order avbruten:
Looks like a false breakout, and we are now heading down. Long term this is still a strong coin, but at this point with BTC heading down I think we are going to test $33 or $32 here.