I got out all position around 150 - 170 because of the volume osc does not support RSI (possible top imo). It means that price going too high relatively compared to volume.
There are 3 scenerio here:
1/ Retest nearest support 130 - 132, it is retesting now as im writing this. If it holds, expect the price to break out of the green box
2/ Retest support of triangle at 118 - 120, if holds, we will expect the price to climb up, expect the increasing in volume as well. This is really possible case imo as alts market getting weaker every hours since 27/Oct/2018.
3/ Price plunge below 118 and retest the strongest support at 70 - 80, Im not supprised if it will go down below 60 or 50 and forming possible fake breakdown before big uptrend.
Longterm play:
Depending on how strong BTC and other alt market is, I am putting my entry around 118 - 120 and 70 - 80 and double down on the trade at each support level. I'm not gonna risk my money now.
Happy trading guys.
There are 3 scenerio here:
1/ Retest nearest support 130 - 132, it is retesting now as im writing this. If it holds, expect the price to break out of the green box
2/ Retest support of triangle at 118 - 120, if holds, we will expect the price to climb up, expect the increasing in volume as well. This is really possible case imo as alts market getting weaker every hours since 27/Oct/2018.
3/ Price plunge below 118 and retest the strongest support at 70 - 80, Im not supprised if it will go down below 60 or 50 and forming possible fake breakdown before big uptrend.
Longterm play:
Depending on how strong BTC and other alt market is, I am putting my entry around 118 - 120 and 70 - 80 and double down on the trade at each support level. I'm not gonna risk my money now.
Happy trading guys.