In the daily chart an ascending triangle pattern is visible. The price is on the verge of break out. It has accumulated and now is in the middle of a minor correction before most likely breaking out. MACD hasn't confirmed the uptrend yet, but RSI indicates lot of room for buyers.
That said, my trade setup for now would be slightly conservative, I'd prefer to go long once the break out is confirmed. Somewhere around 8.53 Stop loss @ 7.69 Target 1 @ 9.24 Target 2 @ 10.45
As always, revert with feedback or questions if any. Thank you!
Great call on this one! That reached nearly 200% profit, and is currently sitting at 100% profit.
rony.kris
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@ecoinamist Hey, nice to hear from you. How have you been? Got lucky on this trade :)
ecoinamist
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@rony.kris,
No luck here. You saw a breakout, and played it well.
I've been good. Had a death in the family that took me away from crypto. Unfortunate because many of the charts I would have posted would be multiple x's in profit.
But I'm back and trying to gain a following. Glad to see you've been hard at work :)
rony.kris
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@ecoinamist,
Hey, sorry to hear that. But glad to have you back.