You can see on the A/D indicator is now returning and if we are patient we will get a really nice move with 50%+ profit potential.
In the past the coin had a 24 hour of over $65 million dollars and now its as little as $1 million dollars but is back accumulating funds ready for a nice move up.
Now you will see circled in red we have strong support around 8% below current price we have seen very aggressive buys not letting the price drop below here. This bottom is the same bottom it bounced from in November at around $2.20
The , has crossed on the 4H chart along with the 20 and 50EMA, also the has been building momentum now for around 5 days ready for the break.
The coin has already started to move but we need to be careful with it being low as we will see large retraces as it moves it needs time to consolidate.
Targets are set in green, conservative entry won't be until the first 4H candle has closed over a target they will then buy and set stop loss below target.
As you can see we will face minor resistance at the 200EMA however we should push past it with current momentum.
Aggressive traders will open the trade now and be patient for the move.
Please do not expect this trade to develop in a short time frame these will take hours as each time the price goes up it needs to consolidate.
Cash is King
You can also profit from buying more of it while it dips.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”