Looking at our highest timeframe we see price has broke out of it bearish parallel channel. Price has also tested our uptrend for the 4th time ( 12/26/18 | 3/07/18 | 04/08/18 | 05/06/18) Taking a buy off our daily trendline. Stochastic RSI showing momentum has bottomed out and is slowing heading towards the upside.
Shifting over to our trigger timeframe we a beautiful bounce off our horizontal and dynamic support. Double bottom shown, Stochastic RSI showing momentum is bullish. Last time we were at this price ETHOS made a run from 32000 sats up to 41000 sats. Price action tends to repeats it self.
Finally looking over at our trigger timeframe we see price has broke our hourly resistance. No signs of slowing down, expecting a small retracement towards 35000 sats. Stochastic RSI showing momentum is bullish. Hourly close above 36000 sats activates our trade.
Conclusion
Take a long position off our trendline bounce | Wait for close above 36000 on the hourly.
