I went in $PPTBTC as it is showing ascending triangle, MA50 is closing to MA200. A breakout is imminent.
This can be also an option that the pair will start an impulse wave 3. Volume is now gently increasing. RSI is bullish - above 60.
A conservative target is the 2.618 extension of wave 1 which is in the resistance area of 0.000155-0.000161.
Further target can be next major resistance on weekly IF MA50 will be broken - this is under 0.000395.
The potential is good. SL IF daily closes below MA50 and MA200 and DC20. Currently under 5448 however is dynamic with time.
Any comments are more than welcomed! Thank you and please trade carefully and with money only you can afford to lose.
www.etoro.com/people/drgorogbalazs
This can be also an option that the pair will start an impulse wave 3. Volume is now gently increasing. RSI is bullish - above 60.
A conservative target is the 2.618 extension of wave 1 which is in the resistance area of 0.000155-0.000161.
Further target can be next major resistance on weekly IF MA50 will be broken - this is under 0.000395.
The potential is good. SL IF daily closes below MA50 and MA200 and DC20. Currently under 5448 however is dynamic with time.
Any comments are more than welcomed! Thank you and please trade carefully and with money only you can afford to lose.
www.etoro.com/people/drgorogbalazs
Trade active
Trade active:
The calm before the storm...
Comment:
It would be positive if daily closed above 7683 - above DC20 on 1D TF.
Trade closed: stop reached