Bounce off 0.00007500 support
Higher timeframe showing beginning of uptrend.
Expecting a wick fill towards 0.00010100 as momentum remains .
Looking over at our trend timeframe we can see price’s impulse leg from 0.000020000 up to 0.00018000. Although we did not retrace 100% to our breakout zone price has retraced about 65% and found support after a break out of has test for support @ 0.00007000. Resistance hit @ 0.00011000, and support has been found @ 0.00009275. A daily close above 0.00010000 triggers our trade. shoeing momentum is looking .
Shifting over to our pattern timeframe we can see a triangle has formed.
0.00009500, break and close above triangles activates trade.
showing momentum is heading towards the upside.
Finally shifting over to our trigger timeframe we get a better look of our breakout triangle. Box A shows a inside breakout pattern pointing towards our showing higher lows being formed. Box B shows although price remained inside our breakout pattern, momentum double bottomed and (followed by breakout) found support as well. Finally looking over at Box C we can see momentum has returned to our *momentum breakout* and is now heading towards the upside. Waiting for a break and close above 0.0009820 on the hourly before taking a long entry.
Buy: After breakout