On the 8hr we can clearly see some bullish divergence. The time window for a decent entry is likely missed as of now when the 4 hr divergence was first spoted under 1.2 , but with this information we may expect some bullish movement from here and wait for the breakout of this channel and look for the retest before going long or wait for some kind of inverse head...
We are currently inside an ascending triangle . The way I like to trade this is along the trendline ,so I have already loaded some longs on 1.908. What's really great about this patterns is the low risk to reward it provides as becomes clear whhere it would become invalidated so you can move the SL along the trendline as this pattern matures. If it ends up...
As young as it is, SRMUSD is following a Pitchfork on it's hourly trade pattern. It has been experiencing a good support from FiboRet-0.236. >>Will be updated<< Cryptocurrency is very volatile market so always have an strategy and risk management plan. Happy Trading. --- JUST FOR EDUCATIONAL PURPOSE
Bullish wedge forming on this new coin , this can be an opportunity to get in for attempts for new highs and potentially becoming a hodl position.