Pirate Chain has been one of the big movers over the last year
From April 4th to April 23 it had a gain about 6000% over 19 days against Bitcoin. and now we have had a 205 days consolidation.
Its time to pay attention to Pirate Chain, now we are forming a double bottom, on the one day time frame and attempting go push true the trendline.
If we break to the...
Entry at 9,50
Stop at 9,20
Target 15$
Target 1 20$
Target 2 27$
Target 3 83$
We are just forming a Cross on the Stochastic RSI following with a higher low on the RSI and a higher low in price
This trade I'm using a extremely tight SL on just 4%
We are getting close to key support for ADA vs ETH and do expect Cardano to out perform Etherium at this move at the same time Cardano is showing strength agenst Bitcoin
A trade im looking to buy now with in the week.
Stochastic RSI is over sold on the
1 Week is at 0.21 No cross up
3 Day is at 0.6 No cross up
1 Day is at 4,04 cross down
Waiting for cross up on the 1 day and for the 3 day to confirm
SL at -25%
The Stoc RSI and RIS are over bought on the 1 week.
We have clear Diverging on the 1 Day chart
$13.000 and $14.000 are 0,50 and 0,618 key fib levels to pull back to.
Looks to be a Red December but a Green 2021! :)
