gamall1987

SUN - what to expect

gamall1987 Updated   
BINANCE:SUNUSDT   SUN / TetherUS
SUN is moving in a downtrend towards a divergence of price. It looks like it is moving towards the top of the price channel but (I could be wrong) it is going to be pulled back to the demand zone highlighted in purple. A very usual behavior in order for the coin to gain momentum. Once it gets in the zone, it could either reverse smoothly or continues moving down till the bottom of the channel. If it happens to do the latter, it will aggressively reverse and breakout the channel boundaries.
Comment:
Below the blue line (neckline of a head n' shoulders) is temporary bearish to hit the demand zone again to achieve the targets.
Comment:
see previous comment
Trade active:
Moving according to the plan
Trade active
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