This is a pure TA, looks to me to be a Bullish setup, at least a Bullish Channel from these last days heading for a breakout, provided there aren't any catastrophic crypto news coming soon. Marked some possible prices in Red where I think price could bounce, which once they are broken I will turn Green as Support giving more buying opportunities before breakout. Stop loss at 36.5 since I think there's a potential to break 61.70 during this month, or the following, with targets that I got with the Trend Based Fib in the 70-80 USD area, giving a R-R ratio of above 1.5, decent to me. MACD looks choppy right now, but as long as Channel Support holds I wouldn't care about it.
Only trade what you can afford to lose.
Only trade what you can afford to lose.
Trade stängt: Stopp nått:
Following Bitcoin instead...