Right now we're looking at a nice spike off a supply area that could potentially be acting as the flag pole of a .
- hovering in zone
- Spike was very high
- .48-65 zone has proved itself as a twice in the past
If price breaks upward out of the , monitor price action at .80 for further indications of movement.
If price breaks downward out of the , monitor price action at .45-.50 for signs of reversal or demand.
Measuring risk from the .45-.50 bottom, I find this coin to be a good buy since I see more potential in its upward movement.
Off to a good start, consider taking profits at .78
.9 - 1.05 with this RSI would be phenomenal
Defined in our plan to monitor price action at these levels to determine next move, decide for yourself but I'd look for another leg up to .9 here