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:
Bearish if:
Please manage risk accordingly. I'll be updating and following this coin ♥
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 ♥
Comment:
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.
Comment:
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.