Hi everyone,
Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone, before breaking out!
Buy the breakout of the descending trendline.
- Trade with care
Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone, before breaking out!
Buy the breakout of the descending trendline.
- Trade with care
Kommentera:
Might be going for a breakout now:
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Wait for a H1-close above the trendline.
Wait for a H1-close above the trendline.
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Breakout:
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SNT/BTC pair is making a triangle on a smaller timeframe:
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Price has been being rejected from the current price levels for 7 days in a row. I think its a matter of time before it breaks to the upside.
Price has been being rejected from the current price levels for 7 days in a row. I think its a matter of time before it breaks to the upside.
Kommentera:
Look like we're off:
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Target 1 reached, and profit taking as expected. Expecting another downmove, before another impulse up.
Target 1 reached, and profit taking as expected. Expecting another downmove, before another impulse up.
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There we go:
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To the moon.
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Retested the highs from my previous comment and broke out of that descending trendline: good time to buy in if you want to