First we see bitcoin making gains and when bitcoin falls in accumulation we see Ethereum gaining when ethereum starts accumulating...
We see Large caps crypto gaining momentum and breaking when these start accumulating we see the smaller cap making gains..
A lot of coins out there trading against USDT don't have the low risk opportunities as these...
As you can see, waves a and b are formed and Perlin is ready to descend to position c
But bitcoin modification up to the 42,000 range allowed Perlin to enter the C wave
And if Bitcoin grows to the range of 58, Perlin will grow to the range of 0.17
👉long target 1$
👉Average target 0.5
👉Short target 0.25
Listed as a "strong buy" on trading view and with a lot of recent attention, this small coin could add a chunk to your junk in a hurry (as this is a 4hr chart). It's not the black PERL, but I think Johnny would still be investing... if he had any money left after that terrible girlfriend (if you don't know what I'm referring to, that's great). BTW, this chart is...
PERL / BTC
After achieving new low against BTC
Strong volume start to enter
Bullish candels pattern and biggest weekly green Candle since August.. All these are bullish signs
If it will hold above 130 sats by weekly candles it can do easy x2 x3 x5
🛑Take care because this is shit coin ...
💡ONLY with small position if interested
💡ONLY for patient traders
PERLIN has been forming a nice pattern since the beginning of 2020. Why I believe we could see some nice bullish continuation?
- Higher highs, higher lows
- RSI getting close to above 70 (look at what happened last time ; red arrows)
- Volume is strong and increasing
We could see a struggle from the golden pocket. If not, I expect a conservative target between:...
PERL is on a potential descending triangle coming from a strong downtrend.
To trade, this type of pattern is to wait for the break trend-line support or resistance.
Waiting for extra confirmation and letting the market tell us what to do is the best way how to enter this type of situation.
If the pattern breaks to the upside, we go long position and...
PERL broke bullish after the price manages to close outside the trend-line resistance and the coin is trading above 12&26 daily EMAs.
We can see two bullish volume present during its breakout form, our next to the upside is between 330 - 370 sats area.