Don't know much about SEELE but technically it looks very tradable for me :)
1. Clear uptrend 1h,2h,4h confirmations
and convergence on MACD
2. Entry point around 0.5 fib (cluster)
3. Volume profile confirmation as well
1st target: 0.0000215
2nd target: 0.0000225
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Hello TW community,
This is my take on SEELEBTC. A short squeeze pattern with accelerating trend, and a hint on where to take profits.
Hope you enjoy and get something out of it.
My ideas are for entertainment purpose only and should not be taken as financial advice.
Best of luck,
Good day dear readers,
Look at Seele against the bitcoin on the daily chart, we have seen a cloud break-out and an ascending triangle pattern.
That should have been enough reason to enter, as we can see of the latest run up that has been going on now.
It looks like it is not finished yet, so definately I will try to enter on the pullbacks.
The volume looks...
The price has already broken through the downward resistance of the down-trend, from now there are no downward movement that can stop the price. On the way up this asset has a resistance which in needs to break and then go upward after small consolidation. Potential of going upward is quite high.