PINKBTC is forming an ascend triangle in the 4h chart. the orange resistence line will be tested in case of the price broke the upper blue line.
If this happen there's a huge possibility the price will reach the target 1, where you can sell total or part of your coins to save some profit.
for the short trade, you can place a stop loss at about 0.00000249.
I'm holding this coin until my death hahahahaah
i'm just a beginner in technical analysis and i am learning how to use tradingview yet.
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In the next few hours the orange resistence line will be tested, if the price overpass the orange line, we expect that the target 1 will be reached.
Trade active
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There's are two different trading types, Long and Short We have to decide what kind of trade we are doing, i am holding long.
If you are Long like me, you can sell some of your coins to save some profit (something about 20%) If you are short, you should sell all. WHY?
The price has reached the top of the bollinger band, and is outside the RSI line. For me, it indicates that the price will suffer a correction soon, i tried to post a print screen here but i don't know how to do it T_T
At the last few days we've seen PINKBTC dive close to the Support, if the price dive below the support line, it will confirm that the trend reversal did not happened
As i said, i'm holding long, so, i will just sit and watch.
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Another buy opportunity appears, PINK is forming another ascend triangle.
What happened on march 2nd may repeat soon, pay attention.