Price has currently entered into a trading zone which we could try to predict 2 sides according to that it does in the next days or week.
Key zone we are analyzing here: 0.0046 - 0.0042
Bullish if:
Support holds and after a double bottom or inverse h&s, we get confirmation of a breakout from the pattern then we can go long.
Bearish if:
Breaks down the zone then it would go down to the next area which is 0.0034 - 0.0037
Please manage risk accordingly. I'll be updating and following this coin ♥
Note
Seems like bullish scenerio is playing out by creating a double bottom and flat area so we need to see a break above 0.0052 to confirm bullish bias.
Note
Double bottom or breakdown wait a bit for confirmation we need more candles formed in daily timeframe either closing fully down support area or coming back to area confirming double bottom and fakeout.
Trade active
target area which is 0.0034 - 0.0037
Trade closed: target reached
GG- Successful short trade to target area previously predicted.
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