With price retracing the breach of 0.00042000 supply zone, a good long entry might be provided. A dip to previous intraday demand zone at 0.000382xx should be a good entry in anticipation of a continuation higher.
OSTETH has been on a steady upwards march over the short term with the established supply zone from 0.0003822 to 0.0004200 capping gains for now. The current supply zone zone has been breached on two occasions lately, indicating a deteriorating supply at these levels. Lower demand zones have been confirmed upon retest. Entry strategy would be to go long at a...
A mixture of break out TA and good FA news. Good risk to reward ratio. Stop loss below all time low! Shout out to @CryptoRand at twitter for recommending trade. I then went and try do my own analysis as a noob. His risk to reward is about 300% mine only 30%
OST has strong support from it's community. I don't believe it will pass below the previous support line, and will likely gather a bit of strength when other alts begin to pick up speed, then surpass them as new money comes into the market.
Let's see if we're in the process of a ABC correction to continue upside!
This can also be a larger ABC structure and we're in the process of a B wave. I'm still leaning towards my first option!
What do ya'll think!?