Description
⋅ Bankex (BKXBTC) just took out two important resistance points.
(1) Is EMA10 which is being conquered today.
(2) The dotted grey trendline is also being conquered right now.
Both of these are early signals and are confirmed only once today's candle closes.
- If prices close above EMA10 the signals are confirmed.
- If prices close below EMA10, the above signals are invalidated.
This setup that you are looking at right now can easily produce 65% in gains by hitting the 1 Fib. extension marked on the chart... Easily.
Further, 120% to 222%+ is also possible in a matter of weeks.
This is not financial advice.
Remember to have a plan before you trade.
Thanks a lot for reading.
This is Alan Masters.
Namaste.