Hello Traders,
As you probably realized from my analysis, I am quite interested in small project (under 100 million dollar market cap) and Bread is definitely one of the projects that I am willing to invest in long term.
Those small project are definitely high risk investment, but hey high risk high grains right??
Looking at the 4 hour chart, BRDBTC just completed its inverse head and shoulders pattern on April 30th and it is time for take off.
Inverse H and S breakout is confirmed as we saw sudden surge in buying volume. Currently, BRD came back to the neckline in order to reinforce this level as a major support.
I will invest in this project as long as BRD bounces upward at this level.
The target of inverse head shoulders pattern is the distance from the neckline to the bottom of the head, which is indicated in dark green color: 12K Satoshi (roughly 50% profit in next few weeks or so!)
Happy trading!
As you probably realized from my analysis, I am quite interested in small project (under 100 million dollar market cap) and Bread is definitely one of the projects that I am willing to invest in long term.
Those small project are definitely high risk investment, but hey high risk high grains right??
Looking at the 4 hour chart, BRDBTC just completed its inverse head and shoulders pattern on April 30th and it is time for take off.
Inverse H and S breakout is confirmed as we saw sudden surge in buying volume. Currently, BRD came back to the neckline in order to reinforce this level as a major support.
I will invest in this project as long as BRD bounces upward at this level.
The target of inverse head shoulders pattern is the distance from the neckline to the bottom of the head, which is indicated in dark green color: 12K Satoshi (roughly 50% profit in next few weeks or so!)
Happy trading!