Substratum resuming uptrend
Updated
SUB is currently breaking out of the triangle it has been trading in for a few days now.
If we measure the height of the triangle and project it at the breaking point we might be looking at a 40% profit and finally new heights.
If we measure the height of the triangle and project it at the breaking point we might be looking at a 40% profit and finally new heights.
Note
It's hard to see any progress on the hourly chart, but if we look at a daily we can see the pattern more clearly. Prices are moving slowly toward the resistance at 0.0000838.
We are still in buy zone. We can notice how the price is blocked in a channel between 0.000076 - 0.0000838 and add to position around the lower boundary.
Profit target remains unchanged: 0.00012 - 40% profit
Note
We finally got a close above the the major resistance at 0.0000838, we are on a good path to our profit target
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