The price approaches the upper boundary of the downward channel and breaks the downtrend line. The price forms a triangle. The bullish divergence on 4h tf gives us a signal to buy. Place your stop orders above the triangle - 0.1386 Stop-loss - 0.13 Set your own risk
Note
Triangle was wrong, but the channel and downtrend line is still relevant. New levels: buy - 0.14 sl - 0.13
Trade active
After a long consolidation, the price leaves the channel. Good movement. Buy order activated at 0.14
Note
I'm trying to catch a good position for a big long with a max target of 0.386 or more. The nearest target for 1-2 days is 0.153 ... 0.154. Now very much depends on how bitcoin will cope with the resistance of 7800.
In 20 days there will be an airdrop for nxt holders - metrodex.org/ This should stimulate price growth.
Note
Now we can move our stop-loss @ 0.135. If we want.
Trade closed manually
I feel uncomfortable in this setup. I colse my position.
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