Two formations here. First is the C&H formation with the handle currently forming. This gives us our 44% target.
The handle is also a bullish pennant, which gives us our 38% target.
Overall, looks like it could hit $92-95 within the next 3-6 hours.
The handle is also a bullish pennant, which gives us our 38% target.
Overall, looks like it could hit $92-95 within the next 3-6 hours.
Comment:
And we have a clear breakout as soon as I posted this!
Comment:
First leg, flagging and leading to second leg. Still time to get in.
They have an announcement coming shortly, or it may have already happened.
They have an announcement coming shortly, or it may have already happened.
Comment:
Higher blue line is QTUMBTC on Binance.. Pretty similar.
Comment:
Note: if this doesn't correct and I feel I'm losing, I'll look at getting back into BNB if it's returning to positive again. Or find something sideways like Litecoin and hold for the next trade or position.
Comment:
get out or HODL.. I'm not sure I can sleep on this one.
Trade closed: stop reached:
Another crash and burn. That one hurt. I gained 30% over 12 hours, then lost 60%. Ouch. Back to the drawing board.
