Today i would like to share with you my idea on NXTBTC!
from the hour chart, we see there is a descending triangle formed!
Usually, a normal descending triangle would break downwards, however, if we see the stoch RSI and also the RSI, the levels are way too low, meaning that it would be less likely to go down!
Instead, there is a possibility that it would break upwards/upside!
In addition to that, the support levels are also very strong.
This is not a financial advice.
Goodluck!
from the hour chart, we see there is a descending triangle formed!
Usually, a normal descending triangle would break downwards, however, if we see the stoch RSI and also the RSI, the levels are way too low, meaning that it would be less likely to go down!
Instead, there is a possibility that it would break upwards/upside!
In addition to that, the support levels are also very strong.
This is not a financial advice.
Goodluck!
Trade closed: stop reached