Greetings.
This idea is an update of a past idea
The coin is risky traded on small exchanges, the main trading volume is on binance. If it is not delisted then the idea has a place.
The support at 150 sat did not hold and the downtrend ended at about 40 sat, updating the low and thus ending the wedge formation.
On the daily chart, the price formed a concave bottom, with the upper boundary of the "neck" around 300-320 satoshi, which will be the first target. To which the price is moving in an expanding triangle.
Resistance is the trending wedge, marked the place to keep an eye on, the wedge's working out target is 550-600 satoshi, target 2.
With further price growth, targets at 770, 1100, 1400 sat.
Always use stop loss, and don't use trade leverage higher than x3.
A trader should always have tomorrow.
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This idea is an update of a past idea
The support at 150 sat did not hold and the downtrend ended at about 40 sat, updating the low and thus ending the wedge formation.
On the daily chart, the price formed a concave bottom, with the upper boundary of the "neck" around 300-320 satoshi, which will be the first target. To which the price is moving in an expanding triangle.
With further price growth, targets at 770, 1100, 1400 sat.
Always use stop loss, and don't use trade leverage higher than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe, so as not to miss anything.
