GAS/BTC has a "Triangle" chart pattern breakout, and the MACD line is still pointing upward.
Also, the candlestick sits tight above Kijun-sen, but we still cannot confirm the market is short term bullish unless we see a Tenkan-sen & Kijun-sen crossover.
Therefore, the first target (Target 1) to be set near 0.00274, which is very close to the highest price on 26-Mar.
Once we see a Tenkan-sen crossover UP, aggressive trader can aim for target 2 which is a major resistance according to Ichimoku analysis.
When everything ideally worked well, the projected target of triangle breakout can be applied.
Also, the candlestick sits tight above Kijun-sen, but we still cannot confirm the market is short term bullish unless we see a Tenkan-sen & Kijun-sen crossover.
Therefore, the first target (Target 1) to be set near 0.00274, which is very close to the highest price on 26-Mar.
Once we see a Tenkan-sen crossover UP, aggressive trader can aim for target 2 which is a major resistance according to Ichimoku analysis.
When everything ideally worked well, the projected target of triangle breakout can be applied.
Trade closed: target reached:
Target 1 and 2 both reached
