PINK has broken the bearish trend and risen nicely since creating a nice cup and handle form.
All the indicators are there for this thing to blow up. MACD, RSI, STOCH all look strong. Volume low at the bottom of the cup as well. Classic Cup and Handle formed!
we may see a little bit more of a dip before we take off, but i get the feeling we are going to moon!
First target is the last peak high around 91-95 for the short term!
good luck!
All the indicators are there for this thing to blow up. MACD, RSI, STOCH all look strong. Volume low at the bottom of the cup as well. Classic Cup and Handle formed!
we may see a little bit more of a dip before we take off, but i get the feeling we are going to moon!
First target is the last peak high around 91-95 for the short term!
good luck!
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its great to see pink pick back up the way it has after wave 3 of the btc bearish trend, but i dont think we are done here yet. as btc works its way up to 12.1k we will have a clearer answer as to what we should be doing. if it breaks over 12.1k and finds support we likely dont have to worry about wave 5's big dip. if it doesn't i expect pink to dip with btc. the good news is this provides an opportunity to buy in at a nice discount.. i bought pink at 350 at the bottom of the last dip.. i am carefully watching btc to see that same 350 and wait for the next huge dip of btc's wave 5, if that happens. make sure you have reserves to buy all the alt coins at a nice discount! good luck!