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Rayden327
Aug 29, 2018 9:37 PM

bull wedge forming  

ICON / BitcoinBinance

Description

looks like we may have found a local bottom here with support at current prices.

Bull pennant forming, if we get a confirmed breakout our first target is .786
Comments
MVDcapital
hey great idea. how did you make that fib chart? thank you
Rayden327
@mvandao, if you use the Fib extension tool on the left, its a great way to find targets. first point goes to the local low, second point goes to the high point of the flag with the third point going to the bottom of the retracement. if you use the fib retracement tool you typically want to see a move retrace to .5 or .618 with confirmations at previous support/resistance. Hope this helps!
MVDcapital
@Rayden327, thank you so much for your reply. this definitely helps!
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