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Krystiannwk
Apr 8, 2017 9:43 PM

NXTBCT Double bottom and round numbers  Long

Description

Pair established support close to 0.00000500 and then we can see almost perfect double bottom formation. It is solid signal for trend reversal. Price moved north and it easy passed .00001000 mark which happened to be quite support. 200 EMA is holding pair above it for last week and it suggest further gains. I would look for profit around 0.00002700 area. I would set SL just below 0.00001000 which gives us quite nice risk/reward ratio. I consider this as good opportunity because this kind of almost perfect formations are happen not so often.
Comments
Yurii_BTC
Great chart man!
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