This time I'm giving you a coin that hasn't moved for a while but an incoming up move is in the works. We can clearly see several hints put together giving that confluence we need !
1) Coin is at Monthly Support Key Level
2) It has been in consolidation for a long period of time hinting a probably accumulation bound to break out soon.
3) We already got a breakout from the descending channel pattern pointing at a change in sentiment from bearish to neutral leading to bullish!
4) On Daily TF we can clearly see an inverse head and shoulder pattern which is rare to spot! If it breaks the neckline, there you get your confirmation!
I recommend to trade SPOT as this coin is overall in a ranging market, so beware. Targets are displayed on the chart!
Take care and happy trading! Kina
Not
TP 1 and TP 2 HIT! YEAAAAAH
Pretty soon will hit TP 3, so brace yourselves!
Not
Huge retracement back to TP1 there's a chance to enter and target TP3 but it's going to take a while as long as BTC keeps ranging.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.