See the blue formed by the two intersecting dotted lines?
Looks like all we need is a breakout with another indicator confirmation such as or (which we have currently showing signs) - then we enter. Simple geometric lines and curves.
370 SAT (yellow)
490 SAT (blue box bottom)
640 SAT (blue box top)
Happy Trading Folks! This coin looks strong, we hope that it will continue it's run for a the long-term hold.
If it breaks downward (which it may - MACD and RSI are all over right now), we have a stop-loss set at 330 SAT, although I may get out sooner - depending on the current momentum.
However, if it breaks upward as we suspected and hoped, the trend may follow the straight blue line and we can reach our target at the 1.618% fib level or 490 SAT in about 12 hours or so.
I feel however EVERYBODIES chart analysis that was suppose to lead to today was screwed because of coinmarketcap.com's decision to delist two trading platforms - killed the sentiment for many and caused a flight and real cut from the total market cap..... how do you feel about bouncing back in market cap and by when...??
Thank you for the great graph too!
Let's hope people realize the how significant this currency is and do some research after they snag a coin this great at such a great price.. Data Storage is a problem and this is one hell of a solution.
Thanks for the great charting, @cryptofuture17
good long term hodl?