Looking at squeeze momentum indicator, it is clear that market is prepared for a big move.
Then you look at the chart and you spot this wide channel where all the action is happening for over a year now.
Price is now at the bottom of the channel.
What is interesting is that top of this channel is very near weekly EMA(100). So, overall it's a very good target to aim at.
Judging by the former such move, where price moved from bottom to top of the channel in mere 45 days. If this move is to happen again, peak pump should be in late October.
tp1: 1650 sat
tp2: 2040 sat
tp3: 3200 sat
Then you look at the chart and you spot this wide channel where all the action is happening for over a year now.
Price is now at the bottom of the channel.
What is interesting is that top of this channel is very near weekly EMA(100). So, overall it's a very good target to aim at.
Judging by the former such move, where price moved from bottom to top of the channel in mere 45 days. If this move is to happen again, peak pump should be in late October.
tp1: 1650 sat
tp2: 2040 sat
tp3: 3200 sat
Comment:
Looking intraday, on 1h timeframe it is clear that it's over 1) weekly pivot and 2) over the (formerly) bearish chemcloud. Overall, it's a good setup to go long even on 1h chart.
Comment:
It's a buy on 1h, 2h, 3h and 4h now.
Comment:
It's now over EMA(100) on daily. Looking extremely good.