Keep this quick and simple...
MAs look great for a continuation of an uptrend. RSI is not heavily overbought, which I believe this uptrend has some steam in it. Accumulation/distribution looks to be rising, thus confirming a continuation for some more upside currently. I believe hitting Target 1 to be very likely and hopefully pump up to target 2 which at that point I would be taking profit off the table and moving into USD tether. Looking at the fibon. chart as well I think this trend is capable of easily hitting that target 1 and testing that resistance at target 2. That's all for now, we will see what happens over the next week or so. I'm guessing hitting target 1 at 80% confident and hitting target 2 at 50% confident IMO. Good luck!
MAs look great for a continuation of an uptrend. RSI is not heavily overbought, which I believe this uptrend has some steam in it. Accumulation/distribution looks to be rising, thus confirming a continuation for some more upside currently. I believe hitting Target 1 to be very likely and hopefully pump up to target 2 which at that point I would be taking profit off the table and moving into USD tether. Looking at the fibon. chart as well I think this trend is capable of easily hitting that target 1 and testing that resistance at target 2. That's all for now, we will see what happens over the next week or so. I'm guessing hitting target 1 at 80% confident and hitting target 2 at 50% confident IMO. Good luck!
Comment:
Target 2 was hit! sorry I was on vacation but hope you all joined me on this trade and made some profit!