Very noticeable uptick and accumulation over the past 2+ months. This is usually one of the biggest tip off when it comes to alts and a big potential move brewing.
As we see on the weekly chart, there are some nice signs.
- big, consistent spike
- even in the face of btc price pullback
- ema's converging
The safest move is to make your entry at a close above the red 21ema (around 1640 satoshis). After that, there is very little holding it back to reaching the 50ema (2500 satoshis), which is quite a nice profit.
Or you can make an entry with a tight SL.
As the chart notes, the last time we got a close above the 21ema, it made a large 30+% move in a week.
This one of the final remaining alts with an opportunity to get in near the all time lows.
As always, trade vigilantly and cautiously. Take profits when you can, and don't be greedy.
This is not financial advice.