Strat tested the upward trend line after failling from ATH.
Broke the downward trend line on on 18th July.
It has now accumulating inside the channel.
Long term targets
1st Target = 0.00324
2nd Target = 0.00430
Can see a new ATH in coming weeks to months as
there are some major releases in Q3 - Q4 2017
Stop loss =
1st SL = below the lower channel support
2nd SL = below the upward trend line support
Bullish Signals
Ichimoku cloud breakout = Bullish
Support at EMA 200 = Bullish
Support at bottom of cloud = Bullish
Upward Trendline support since March 2017 = Bullish
Possible scenarios
We may see strat touch the bottom of channel once more to test it. = That would be instant buy signal
1st target would be the upward line of channel. Followed by retest of ATH
Broke the downward trend line on on 18th July.
It has now accumulating inside the channel.
Long term targets
1st Target = 0.00324
2nd Target = 0.00430
Can see a new ATH in coming weeks to months as
there are some major releases in Q3 - Q4 2017
Stop loss =
1st SL = below the lower channel support
2nd SL = below the upward trend line support
Bullish Signals
Ichimoku cloud breakout = Bullish
Support at EMA 200 = Bullish
Support at bottom of cloud = Bullish
Upward Trendline support since March 2017 = Bullish
Possible scenarios
We may see strat touch the bottom of channel once more to test it. = That would be instant buy signal
1st target would be the upward line of channel. Followed by retest of ATH