isidat

HYDRO - Promising coin

Long
BITTREX:HYDROBTC   Hydro / Bitcoin
HYDRO is one of coins having a potential. It has a unique block-chain solution for a real life problem.

We see a couple of trend-lines, there are;

1. A strong support at 42, also double bottom .
2. A clear downtrend line, tells us a strong resistance.
3. A descending triangle .

Also STOCH RSI shows a divergence.

Using these data it makes sense to open a long position, if it breaks at 47.

Put a stop below 41.
Comment: The price hit 40 today. This means another confirmation of descending triangle.
Comment: Slowly climbing towards resistance...
Comment: Breakout happened, let's see how much it will go.

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