Due to major uptrend from 8/12 to 8/14 entering this current consolidation period, a bullish pennant has formed. Further upward movement is likely
Disclaimer: This is not financial advice High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and...
Altcoins seems to have found their correction and it is possibly time for the next impulse wave. TWA in 1h timeframe is starting to turn and it is likely we will see change of direction from the red support trend line. Buying opportunity!
Look at the weekly and see the lines for next targets.
If you are buying in the red then you need to stop with the FOMO
We are set up for a nice upward trend. We are at a strong resistance point of .60 and the 50MA. Once broken, the next resistance is .65-.70
$algo painting a double bottom reversal pattern on the 4hr w coinciding bullish divergence on the macd
Algo seems to be completing a consolidation stage and it could break and raise within a couple of days up to it's next resistance point at .70, which means about 25%-30% of profit. (this is not financial advice nor a entry recomendation, DYOR)
looks like algo might be coiling up for another run up before sept1 and the token realease.