Currently the weekly chart had given signs of a potential decline, but said decline is now failing to confirm the downside, giving way to a potential long trade.
I'll be looking to enter longs by the weekly close, aiming for a 58% to 100% upside, risking more or less 20% from my entry. Currently there is a possibility to trigger a weekly time at mode uptrend continuation signal, which would suggest price could reach 3720, or even 5097 in 9 weeks or less.
My group will be entering this and the potential uptrend continuation trades today, and we will continue to exploit this juncture if we get confirmation of monthly uptrend resumption. Currently, price has to move above 2955 to give way for further upside, but I think it's highly likely that this happens in the near short term.
For more information on joining my private trading group or if interested in mentoring, contact me via pm here, skype or QQ.
Momentum validated in the daily, let's see if we hit the monthly targets on time.
Good progress in Rgmov, in all but Kraken.
I'm expecting more rallying to come next week.
Then we retraced, and are ready to launch into a new rally soon.