Bottomed out, no longer in a downtrend line.
Already had a 19 day accumulation period and volume is increasing rapidly. Tested resistance at 1538 and got rejected but is still accumulating to take it on again.
If it breaks triangle upwards that should confirm an upwards movement. Until then hold tight; market as a whole might be going down because of bitcoin.
1h chart:
Targets (Fibonacci):
1) 1538,
2) 2074,
3) 2451,
4) 2827,
5) 3293,
6) 4045
Already had a 19 day accumulation period and volume is increasing rapidly. Tested resistance at 1538 and got rejected but is still accumulating to take it on again.
If it breaks triangle upwards that should confirm an upwards movement. Until then hold tight; market as a whole might be going down because of bitcoin.
1h chart:
Targets (Fibonacci):
1) 1538,
2) 2074,
3) 2451,
4) 2827,
5) 3293,
6) 4045
Order cancelled:
Broke triangle, btc going down, need market to stabilize first.
Broke triangle, btc going down, need market to stabilize first.
Trade active