We aren't sure of this idea. Therefore we won't open a position. I was asked about my opinion. If the uptrend proceeds that where to wait for the line of resistance.
The logarithmic scale is used. I think that the price won't be able to go beyond this price channel. I think to buy this coin already late. Late for the short-term trader.
If the price becomes more than the weak level of resistance, that is good chance of a uptrend to the target.
@asefe, We trade in the cryptoforeign exchange market 5 years. And us two. We very well do the works. I am a programmer, we are helped by our robots and the automatic systems of the technical analysis. Our software watches 500 markets at the same time and on all timeframes (1h, 2h,... 1w, 1month). We have created this profile 5 days ago. To show to the world very cool analysis.
asefe
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@BoTo, No doubt , both of you will be noticed soon. I'd like to thank both for great analysis and hard works.
fabrifibra74
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hi. how do u calculate the first resistance at 0.0003900?
Mindless
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@fabrifibra74, We hit this and had a small correction, then went towards it again hitting 3856 with another rejection. Where there is rejection = resistance
BoTo
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@fabrifibra74, There were big-size orders for sale, but they were quickly cancelled (hid these orders). I have seen it and have quickly understood what should be sold. It means what not only I have understood, many other traders have understood too and too sold. There was so resistance level. There the big bear has hidden. If bulls win against this bear, then the uptrend will proceed.