ShadowCash appears to be sitting on a critical support, and with strong investor demand for privacy-centered coins like XMR and DASH, SDCBTC could be preparing to follow suit with a large advance over the next few months if this support continues to hold. If this support fails then it will be a good idea to steer clear of this crypto for awhile. Fundamentally,...
By forming an ascending triangle pattern and through the Elliott's waves and retracements levels within it, if it breaks now it is very likely that it will fall on being overbought and not be a good deal. If you perform a retraction to the E wave, prepare for a breakout of magnitude.
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Shadow for the next week, 1 month chart looks interesting in this one, I'm going long this week on SDC with a 21% of capital, risky move but might be very well rewarded.
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If this candle close a few pips lower than where it is right now, I'll consider it a Big Shadow. Price tried to breakout above the triangle but fail and retrace below the bottom trendline
If candle closes with barely any lower wick I'll go short a few pips below the low of this candle
S/L above the high
T/P at next zone