The price hit the long term support again indicators start to become bullish again. Stoch RSI enters oversold zone, Aroon and MACD confirms its intension. We expect a bounce and entering in Ichi cloud in the short term.
Short term this trade is looking to go short.
As you can see in my private post that this has been on the radar for the last week. Don't get fooled by all the MACD RSI confusion people throw your way. I know how the machine works from the inside out. My charts are clean and easy to read. Follow...
This coin appears to have shit fundamentals (check it's website), however the TA looks pretty fucking sweet, imo.
Note the long blue trend line going back to June/July, which if it breaks above, could get very implusive, as you can see from prior such moves. If a daily candle opens above this line that may well be a very bullish indicator.
While its possible...
- SPHR has done a full correction cycle back to supply zone.
- Stoch_MTF signaled bottom and buy indicator
- Williams VIX signalled bottom
- Price is about to overpass Ultimate_MA_MTF (bullish)
- MACD starting to move up
- RSI starting to move up
Stop loss: 35,000 Satoshi
Targets: 50,000 Satoshi (short term)
60,000 Satoshi (short term)