I got mixed signals about this it's an ascending triangle in bearish trend.
It has made a complex ABCDE correction and false breakdown which indicates bullish sentiment.
If you want to be sure about this trade you can trade it on breakout.
So you can put a stop buy order above the triangle line and take profit at the fib extension 1 and 2.
The market turn down if btc goes down. Be in mind that these also is a bearish flag and can breakdown to the downside.
Stop buy order 33.5
Take profit 36 and 39
Long term 46 usd.
It has made a complex ABCDE correction and false breakdown which indicates bullish sentiment.
If you want to be sure about this trade you can trade it on breakout.
So you can put a stop buy order above the triangle line and take profit at the fib extension 1 and 2.
The market turn down if btc goes down. Be in mind that these also is a bearish flag and can breakdown to the downside.
Stop buy order 33.5
Take profit 36 and 39
Long term 46 usd.
Comment:
Trendline broked back to 22 bucks.