Hi All,
I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc
MY THOUGHTS:
Structure is likely completing a ascending triangle with 2 touches to the top for the breakout.
Indicators show upward pressure, on the 4 hrly.
8 HRKY looks good on the indicators
Liquidity is OK on Binance, 11 million today.
How to trade this?
I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout.
All the best,
S.SAri
Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper.
Hence better to wait for the break out to a new higher low.
8 HRKY looks good on the indicators
I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc
MY THOUGHTS:
Structure is likely completing a ascending triangle with 2 touches to the top for the breakout.
Indicators show upward pressure, on the 4 hrly.
8 HRKY looks good on the indicators
Liquidity is OK on Binance, 11 million today.
How to trade this?
I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout.
All the best,
S.SAri
Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper.
Hence better to wait for the break out to a new higher low.
8 HRKY looks good on the indicators
Discord: discord.gg/JC7CDdJv (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
