A break up over the downward channel resistance line could potentially lead to a push to the $1
Failure to break could result in a drop to the 200 days MA on the four-hour chart before a bounce upward
If you are currently on the sidelines waiting for a break above the channels resistance would be a good buy signal. Otherwise, get ready to purchase some cheaper coins if it drops further! Win WIn
Could we break the channel and avoid a drop to the 200 DAY MA? Yes we definitely could although not likely, keep an eye on the charts and buy the break
Let me know what you all think
''Buy big Sell BIGGER'' - MegaWhale
Failure to break could result in a drop to the 200 days MA on the four-hour chart before a bounce upward
If you are currently on the sidelines waiting for a break above the channels resistance would be a good buy signal. Otherwise, get ready to purchase some cheaper coins if it drops further! Win WIn
Could we break the channel and avoid a drop to the 200 DAY MA? Yes we definitely could although not likely, keep an eye on the charts and buy the break
Let me know what you all think
''Buy big Sell BIGGER'' - MegaWhale
Trade active:
Playing out exactly as planned