Will you pick up?
Channel - We're conforming well to a nice channel ending in a strong support that just caught a large fall. I think we'll see a breakout from this very soon.
Trend Indicators - The RSI is approaching the lower band, very good sign of a breakout. The MACD isn't as useful here are it doesn't really have enough data.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it! This is a short one and the timeframe is just as short, so I recommend watching this intently for a little while.
~Retro
Channel - We're conforming well to a nice channel ending in a strong support that just caught a large fall. I think we'll see a breakout from this very soon.
Trend Indicators - The RSI is approaching the lower band, very good sign of a breakout. The MACD isn't as useful here are it doesn't really have enough data.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it! This is a short one and the timeframe is just as short, so I recommend watching this intently for a little while.
~Retro
Trade closed: target reached:
WOW! Congratulations if you decided to answer QLC's call, we've made a cool 25% here. Let's see if the new kid on the block has anything left in him later this week!
Comment:
After a great run yesterday, it looks like we may be forming a larger downwards channel going back down to the support we used yesterday. I'll be putting an alert on at about 2150, if we hit that I'll be watching it very closely.
Comment:
Looks like we broke out of the channel a little earlier than expected!Now, considering the volatility in this new coin so far, this might fade as quickly as it came. However, over the next couple of hours I recommend that we watch its every move - we may be in for something big here.