Will we have another life altering counter-cylical bounce? My dreams have come true with this coin many times before, RSI is bullish again, so a breach to the upside of the ascending wedge may provoke a nice rally :)
Don't forget we need this chart on our side:
As always, I'll be posting long and short trades.
Cheers and GLWT! -Erik
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MIN TP! Cheers! I'm waiting for the next pattern.
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Another 10%-15% today?
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RSI is making a sell signal now... a breach below the classic support will trigger selling.
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Hmmmm...doesnt look good for longs. Let's get ready to short: Watch wave 1 support as its an area of confluence. Watch the EMA along with the trendline. Red box is the target.
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Breakout to the upside!
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Hmmmm, we are technically still in a downtrend with the lower low in the BTC chart and double top in the USD one.
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WAHOO
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FLAG TP REACHED!
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Bounce off the fibo resistance...consolidation time?
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RSI is making a sell signal now...
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HIT MID TP! BUT we are going higher with the channel breakout!
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Careful now...I see three waves in that super bullish channel. We are also kissing the top of the channel in the right chart.
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Ok...now consolidation time?
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Yep, consolidation...
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Bounced off the pivot! You could wait for the BO
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Caution, as we are trading below the trend line in the right chart.
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The USD chart is still bullish, but the BTC chart is now bearish. We hit the fibo extension in the BTC chart, so time for a rebound. This should give us 20-30% in the USD chart to hit the MAX TP.
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Lets finish this MONSTER TRADE or what?
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oUFF. At least we hit MIN and MID TP! CHeers! THread closed.