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CryptoMaester
23 nov 2019 05:54

$PINK Bull Flag & Fib Retracement Lång

Beskrivning

The recent price increase for PINK doesn't appear to be just a random pump & dump. To summarize the recent activity on PINK, the price went from a low of 13sats to a high of 34sats. Then, over the past week, the price oscillated between 23sats and 28sats, forming a bull flag.

While bull flags aren't completely reliable, my opinion is that this is rather significant considering the overall outlook in the market regarding alts. With bitcoin settling into a comfortable channel and a likely bull run to come in the Spring of 2020, we may be seeing the first stages of a massive push for PINK's price.

With the assumption that this bull flag is true, my strategy is to HODL PINK and sell at the 280-330sat range. This is the location On the shorter time frame, I think we could see PINK hit 52 sats in the next few weeks.
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