As of today, another Alt that's showing promise. Potentially about to break a key level (lead in trend line, just got rejected) and pulling back to the previous resistance level as it being written.
How to trade this? Wait for it to break the lead in trend line, and get retested before jumping in, the safe or conservative way. Otherwise buy on the line and place a stop loss after a 4 hrly bullish candle.
Here are the monthly, weekly, daily and 2 Hrly charts.
Monthly chart: MR\MS monthly resistance and support lines
Weekly chart: WR\WS weekly resistance and support lines RSI has plenty of room to the upside.
3 Day chart: Phoeix indicator still showing upward pressure
Daily chart:
2 HRLY chart: Note: the rounded bottom trend, showing strong upward pressure Key point, the level it has broken and needs to hold on the retest. If this holds, its a bullish sign to enter.
What are your thought?
Please give me a like or tick for this post.
Regards, S.Sari
PREVIOUS ONT.BTC post on the link below.
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Keeping an eye on it, lets see if there is accumulation just below the resistance. If I hopefully see an opportunity, if I don't miss it, I'll update this post.