So we have a few things going on here. For starters we just bounced off of the .618 retracement (Golden Zone), and we also broke the bullflag of the previous move up. Not only did we break out of the Bull Flag, but we tested the resistance trendline as support. Also have a bullish RSI and a resetting MACD. We made a higher low, followed by a higher high. This is really bullish, now let's wait for continuation! For a conservative target we'll aim for 945. For a full 1:1 extention we can wait for 1039.
Hopefully we'll need these spacesuits!!
BITMEX:BCHZ18
Hopefully we'll need these spacesuits!!
BITMEX:BCHZ18
Comment:
Well well, that was quick. Let's see if we can hold and continue. Looking good, though.
Comment:
Move your stop to 798. For a risk free trade, you can sell 20% and let the rest ride.