domavila
Long

STEEMBTC Long Position Bullish AB=CD

POLONIEX:STEEMBTC   STEEM / Bitcoin
199 views
4
The Bullish AB=CD pattern has completed and price is finding support at the "Fibonacci Support Cluster 2" on my chart.
RSI is oversold and turning up.
Also, we have hit the bottom trend line of the descending channel where we may have found support.
In case you are wondering, I erased the "Fibonacci Support Cluster 1" because it is no longer relevant.

Position

Entry: 0.00173 BTC
Stop Loss: 0.00154 BTC
Target 1: 0.00258 BTC
Target 2: 0.00312 BTC
Trade closed: stop reached: Stopped out on this one. Looking for the next support level at 0.00126 BTC.

Comments

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