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Etch1234
Feb 2, 2020 8:38 AM

LINK Mumu wedge Long

ChainLink / TetherUSBinance

Description

Sorry for messy chart. Just had a coffee and noticed this. So much weekend chop and stop hunting though so watch out.
Basically it's a pretty clear bullish wedge and bullish divergence on the 1H. Target is at or above the overhead resistance at 2.95, where we could create a triple top or break through by printing an ascending triangle and consolidating at the high. Preferably would like to see a high on the RSI and a bull flag.

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-Love Etch

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broken first resistance already

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Update: Still in position. Waiting for breakout of this triangle. Moved stop loss to entry.

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Weekends...

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I should mention that triangle became a bigger one, but will probably have no validity and continue in this big flag, range of 4c. Support 2.84 resistance 2.89
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