- PROMBUSD is on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- Price action is printing...
Hi, I can see very obvious pattern here. We had double bottom on PROMBUSD and RSI indicator didn’t fall further, so it formed Bullish Divergence. Also, PROMBUSD broke downtrend channel line, which is the sign of further uptrend continuation. For short term, I’m seeing 20-30$ price range, but for long term we can go as far as 100$+.
Keep your stops tight and be patient !
Prometeus (PROMBTC) just printed one of the biggest volume bars since its add to Bittrex and it is now showing multiple bullish signals... Let's take a look.
In the past three days, PROMBTC has grown by 277%, massive growth, but when we look back at the low hit on the 8-Nov. '19, the total growth from bottom to the peak price hit today is over 6330%... Amazing...