Incoming breakout to the upside as the Europe market opened.
The Descending Triangle chart is forming its breakout to the upside with a Target Profit at $49,814.
We are still waiting for the incoming volume from the US market to confirm on either supporting the uptrend or rejecting the position in the 0.618 fib lines at $48,136. Stay tuned on the charts, and always do trimming of your Take Profit and don’t leave more than 20% for another leap, and set your Stop-Loss below 0.786 area.
p.s.This long position is also coinciding to our current bullish divergence from our awesome oscillator from the double bottom.
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Disclaimer: Above technical analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
The Descending Triangle chart is forming its breakout to the upside with a Target Profit at $49,814.
We are still waiting for the incoming volume from the US market to confirm on either supporting the uptrend or rejecting the position in the 0.618 fib lines at $48,136. Stay tuned on the charts, and always do trimming of your Take Profit and don’t leave more than 20% for another leap, and set your Stop-Loss below 0.786 area.
p.s.This long position is also coinciding to our current bullish divergence from our awesome oscillator from the double bottom.
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
TradeScholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above technical analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
