Description
⋅ This 4 hr chart shows potential for a bullish move upwards if the MACD starts heading in the opposite direction after a break out from this flag.
Volume is declining too making it easier for larger price increases. I will keep an eye on this one!
Potential targets on the chart - a well managed entry and stop-loss could see an easy profit if we get the confirmation from the breakout.
Targets are based on:
- T1 - Flag pole length
- T2 - Previous support/resistance
- T3 - Previous support/resistance
Always be careful with BTC pairs when BTC/USD is as volatile as it has been recently.