We've had a very strong decline in the cryptocurrency market, and it seems like things are going for the time being.
With BTC breaking out we can expect many coins to follow in its footsteps.
The technicals are amazing, with & showing nice signs of reversal.
On the 4 hour timeframe, we've broke out and consolidated creating a and broke out of the flag sending the price upwards!
On the once we clear 0.000038 the price has double bottomed on the daily and should send the price a lot higher!
(Shown by green line)
Stop losses can be set below previous resistances
Take Profits at fib retracement levels
0.000038 ( )
We'll be updating this post as time goes on, including when we enter or exit the trade. Cheers!
Feel free to check out the related post on how we can maximize profit while minimizing our risk, we'll be implementing this method into this trade!