Aragon is looking bullish right now. Let's take a quick look at the chart and do a quick, easy and profitable trade.
We are going to give it a close look, yet profits potential on title is based on January's 2018 peak price.
We have a high volume candlestick on the 20th December, this is the first 'wake up' signal in December. High volume is indicative of upcoming action.
Today's candle is breaking EMA10, EMA50 and MA99. All these are very strong resistance levels that are being broken passively. This is a good signal but a high volume breakout is needed for bigger growth.
The RSI hit oversold and it is trending up strong since. Now on the bullish side.
The weekly time frame confirms bullish potential.
Signals can break down, so we use a stop loss when we trade.
----------------- Aragon (ANTBTC) Quick Target
Targets courtesy of Alan Masters:
(1) 0.000172 (2) 0.000226 (3) 0.000241
Stop loss: Close daily below 0.0000910. -----------------
Note: This is no trade advice. This is a quick analysis with some targets for learning and entertainment purposes only. Trades are clearly described in my profile.
Thanks a lot for your continued support.
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Namaste.
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+27% profits generated.
We are still aiming for our first target.
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Will move again. Resistance being challenged on the 4H TF: