Ascending triangle after a nice pump. TA looks good for this coin for a quick profit with its beta launch on 30th september, will keep an eye for a slightly better entry.
Currently inside a range, waiting for a either a bounce back towards the top of the range followed by a breakout and retest to enter long or if we break below switch my bias to short. Stops will be resting around 95.75 so a break of that area and we could see a quick climb towards and past 97. Observing how price reacts with pivot zones i have marked out; the...
Expecting a drop to the previous weeks high at 0.7230 as we are extremely over bought on the RSI. Will enter this trade if price bounces off the weekly high, looking for a strong bullish candle to confirm. 0.745 is the target however strong resistance at the 0.7335 area could prove difficult to break so expecting price to reject and retest a previous pivot zone...
I would imagine price will reject off the trend line at 112.7 which has been respected multiple times in 2017. a retest of 111.51 with a hard bounce to the upside will give confidence that price wants to continue higher as previously that zone was used as selling pressure on the move down. A break of the trend line could see a move up to 114 area and long term...
