CDTETH price closed above 3rd March 2019 Donchian upper line value on 4th March - confirming a potential uptrend.
Newly established trendline holds and is printing an ascending triangle pattern. RSI is 57 - bullish. PVO may have one more leg up. Volume is high. Daily closing above MA200 would be adding to the bullish bias.
Buy now (0.000065)- target can be next resistance just under 0.000115.
SL could be either when daily closes below lower line of Donchian or if price breaks previous low (which was by the way a double-bottom - bullish reversal pattern): whichever is earlier - under 0.000045. RR: 1:2.5
Please trade carefully and with money only you can afford to lose! Comments are more than welcomed! Thank you!
Newly established trendline holds and is printing an ascending triangle pattern. RSI is 57 - bullish. PVO may have one more leg up. Volume is high. Daily closing above MA200 would be adding to the bullish bias.
Buy now (0.000065)- target can be next resistance just under 0.000115.
SL could be either when daily closes below lower line of Donchian or if price breaks previous low (which was by the way a double-bottom - bullish reversal pattern): whichever is earlier - under 0.000045. RR: 1:2.5
Please trade carefully and with money only you can afford to lose! Comments are more than welcomed! Thank you!
Trade closed: stop reached