We can see the price got pump and crash very fast on the previous swing. After carshed, it rebounded with a very strong uptrend line.
The price has a strong sparation from current uptrend line and confirmed by a reject to bearish from SMA 50. Right now, the price has reached previous Ichimoku Cloud base line and correcting. However, look at this timeline we can see the bull is very strong as current price has reached Ichimoku cloud and Ichimoku cloud still going up.
We can looking forward a correction to SMA 50 or base line of Billinger band.This zone is $12.5 - $13. If the price reversal from this zone, we can see a bullish which confirmed by a short term uptrend to $20.58 USD.
So we have some buy zone:
Buyzone 1: $13 USD
Buyzone 2: $16.5 USD (need to wait a upward movement to $20.58 then correction to this level)
Profit target:
Target 1: $37
Target 2: $56
Target 3: $76
Target 4: $90
Stoploss: $10
The price has a strong sparation from current uptrend line and confirmed by a reject to bearish from SMA 50. Right now, the price has reached previous Ichimoku Cloud base line and correcting. However, look at this timeline we can see the bull is very strong as current price has reached Ichimoku cloud and Ichimoku cloud still going up.
We can looking forward a correction to SMA 50 or base line of Billinger band.This zone is $12.5 - $13. If the price reversal from this zone, we can see a bullish which confirmed by a short term uptrend to $20.58 USD.
So we have some buy zone:
Buyzone 1: $13 USD
Buyzone 2: $16.5 USD (need to wait a upward movement to $20.58 then correction to this level)
Profit target:
Target 1: $37
Target 2: $56
Target 3: $76
Target 4: $90
Stoploss: $10
Comment:
SMA 50 has been broken, bullish failed. Trade close
Trade closed manually
