Hi All,
Another coin that has a good trend that's under the radar.
Note the following below on the the 3 day chart:
> had a main resistance with many wicks and now have been neutralized\been corrected by the last 3 Day candle.
> Phoeix has bullish formation
> Macd with upward trajectory
> Note the 8 HLRLY chart and its trend, the current structure on 8 hourly is using the 50/100 ema as support with lower highs in what seems an ascending triangle.
How to trade this?
I'll look for consecutive green candles that look like momentum to the upside, especially on the ema ribbon and or at the apex of the triangle structure or a break of the upper resistance.
All the best,
S.SAri
Another coin that has a good trend that's under the radar.
Note the following below on the the 3 day chart:
> had a main resistance with many wicks and now have been neutralized\been corrected by the last 3 Day candle.
> Phoeix has bullish formation
> Macd with upward trajectory
> Note the 8 HLRLY chart and its trend, the current structure on 8 hourly is using the 50/100 ema as support with lower highs in what seems an ascending triangle.
How to trade this?
I'll look for consecutive green candles that look like momentum to the upside, especially on the ema ribbon and or at the apex of the triangle structure or a break of the upper resistance.
All the best,
S.SAri
Comment:
The 50/100 ema is the area to buy if it dips on the 4 hrly.
Trade closed: target reached:
closing this as the breakout was what I was after
Comment:
Just take note, on the 4 hrly, the price hit the 50/100 ema ribbon and then blasted off. That little pullback was due to BTC pulling back as well. So the lesson is there.
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
