Good day,
As much as I don't like this coin, I think it is heading for a nice breakout, as it has done twice in the recent past, we can see the primary trend line in a very small upward trend, with the secondary trends breaking out in the past, I would say it can happen anytime from now to two weeks time, but I would think it is more likely for the price to approach the 0.1113 BCH/BTC level, and then breakout, to previous highs my target would be around 0.24 - 0.29, set a 50% sell order at 0.24, and another for 0.29. Dont forget to raise your stop losses to 0.16 and 0.20 as it goes up. if it breaks below the 0.1113 level we could see it break the primary trend and go to the previous support level of 0.086 BCH/BTC.
Regards all.
As much as I don't like this coin, I think it is heading for a nice breakout, as it has done twice in the recent past, we can see the primary trend line in a very small upward trend, with the secondary trends breaking out in the past, I would say it can happen anytime from now to two weeks time, but I would think it is more likely for the price to approach the 0.1113 BCH/BTC level, and then breakout, to previous highs my target would be around 0.24 - 0.29, set a 50% sell order at 0.24, and another for 0.29. Dont forget to raise your stop losses to 0.16 and 0.20 as it goes up. if it breaks below the 0.1113 level we could see it break the primary trend and go to the previous support level of 0.086 BCH/BTC.
Regards all.
Comment:
I think the current breakout 08.02.2018 is false, low volume shows that price is going up because of a lack of sellers, not increased buying.
Trade active:
I am still waiting for this trade, RSI is getting very close to the signal