Accumulation at support at .002730
False break of support, which is a sign
1hr rejecting support
Enter: Up to 2730
TP1: 3314 (20%)
TP2: 3910 (43%)
TP3: 4400 (60%)
TP4: 4900 (79%)
As usual, this assumes that BTC continues moving higher. If BTC slumps again, most alts will also take a dive.
Expect price to retest the resent low at 2430.
Price will likely head to the descending channel low that is more clearly seen on the 4hr chart.
Trade opened at 2715
- Previous SR
- Fibo 38% retracement
- 50 MA