Hello everyone,
While both Ethereum and Bitcoin making impulsive moves, Ncash/Eth seems to be forming an ascending triangle and the price moving upwards without breaking below the diagonal uptrend yet. A clear breakout above the flat resistance line could be used as a buy trigger and stop would be set within the limits of your risk assessment(tight stop or wide stops). I marked two different TP levels due to the lack of significant resistance levels between flat resistance and the target profit zone.
Disclaimer:
All of the above are for study/observation and educational purposes only.
Nothing in this analysis constitutes professional and/or financial advice.
While both Ethereum and Bitcoin making impulsive moves, Ncash/Eth seems to be forming an ascending triangle and the price moving upwards without breaking below the diagonal uptrend yet. A clear breakout above the flat resistance line could be used as a buy trigger and stop would be set within the limits of your risk assessment(tight stop or wide stops). I marked two different TP levels due to the lack of significant resistance levels between flat resistance and the target profit zone.
Disclaimer:
All of the above are for study/observation and educational purposes only.
Nothing in this analysis constitutes professional and/or financial advice.
Comment:
This one really amazed me. Despite the killer BTC bullish move, this one only got rejected from the resistance and managed to hold above the diagonal support area. (for now) Will observe and update this one from time to time according to BTC moves.
Comment:
Ncash/Eth bested volatile BTC moves and continued to move upwards and finally made it to the first take profit area. Congratulations to those who took profit from this one! I'll continue to update this chart as it moves up.