The downtrend line starting from April '18 has just been penetrated, after having surpassed EMA 50 which has proven itself a strong resistance over and over again. Volume is good, Bitcoin is also aiming higher. Mid term target is at $3.80, where previous support and EMA 200 wlll probably meet.
It seems like a fairly easy trade. If Bitcoin changes his mind and turns down again, then all of this is most likely not going to happen.
Cheers!
It seems like a fairly easy trade. If Bitcoin changes his mind and turns down again, then all of this is most likely not going to happen.
Cheers!
Comment:
Trade is active and the wind is blowing strong in our sails!