Nice and simple technical analysis - breakout trade!
If You see something breakthrough from a box, from a triangle, form a support then just wait to retest, there You get a better price and better risk/reward ratio!
At the moment this retest looks very strong because 200EMA is exactly there where is retest area!
Good Luck!
If You see something breakthrough from a box, from a triangle, form a support then just wait to retest, there You get a better price and better risk/reward ratio!
At the moment this retest looks very strong because 200EMA is exactly there where is retest area!
Good Luck!
Comment:
Here we are, exactly on trendline retest and supported with 200 EMA, also solid candlestick price action! Nice platform to move up from here, but let's see what BTC could to with our alts!
Comment:
Here we lack momentum after we touched our triangle trendline!
We could maybe test trendline one time more but this happens lower than price is right now! Let's see what a price action show to us!
We could maybe test trendline one time more but this happens lower than price is right now! Let's see what a price action show to us!
