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theponzimaster
Nov 29, 2020 4:44 PM

OCTO - WIll it repeat the fractal from early November? Long

Description

OCTO analysis:

* Would love to see the fractal from early November repeat again - run up, then brief consolidation, before taking the local resistance

* So far it's looking like same price action could repeat (often happens on Uniswap coins being driven by a few big players)

* RSI is pretty stable indicating consolidation - not over, or underbought

* Rarely stays below the moving average for long so I do think, more likely than not, this will have another run at 40 mark as long as BTC doesn't nuke everything

Trade active

I've taken a small position here that I intend to build on.

Comment

Couldn't have picked a better buy point - bounced straight off that support and back towards local resistance.
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