Going to buy a breakout of this small daily range. The price is a little erratic, but it's worth pursuing these setups on cryptos as the risk/reward can be in multiples of ten if it gets pumped. The price has also been though a pretty erratic 'resetting period' since the last pump and is beginning to become more consistent in it's waves.
What I'm looking for:
- We have an overall uptrend and the price is more or less respecting the larger (yellow).
- The price is also holding above the moving averages, which are also holding green, and have been consistently moving up for the last few weeks.
- If we look on the we can see that the the ( moving average) is turning green.
- If we break about the current range we will also have a third low bouncing off the faster (pink)