Take a look at this descending channel... It has been broken and prices are now above the EMA21 line.
We are seeing bullish action develop since Nov. 5th.
The RSI is now looking good with bullish divergence and higher lows:
It is already moving higher, with lots of room left for additional growth.
Additional information and targets can be seen on the...
💎Technical Analysis Summary💎
BINANCE: COMPBTC
-After breaking the key level of support at 0.0116 sat
-The price keeps falling and now it is also breaking its local support
-This could be a small Bear flag that could fall the price down to 0.0088 sat
-If you are waiting for a trend reversal, it might take more days or even weeks
-But if you are playing on the...
COMPBTC - Long - Potential 10.21%
Enter- 13334
TP1- 14166
TP2- 14695
SL- 11594
Happy Trading! expecting to see some more positive movement from Alts today, let us know how you feel!
Is it me or is this set up as about text book as it gets? Cup and handle set up beautifully here 8)! I would at least expect this to run back up too the .0226 sat area. Of course btc could crash to low 9’s and invalidate this idea, but still worth the risk IMO with a stop right below the bottom of the cup. Good luck!
