- Falling Wedge Breakout in Daily Timeframe.
- Bullish MACD Divergence As Well.
- Volume Is Crispy But Need More For Healthy Uptrend.
- 150 - 200% Profit Expected in Midtrem.
- For Entry , Wait for Retest the Trendline
- Sell Targets For Midterm 2202 - 2480 - 3341 - 3924 - 5038 Sats
- Stop Loss Is Must (According to Your Risk)
The priceline is moving within a pennant and hitting the pennant's support after Sep 2018.
Here the price action is also hitting at pivot 1st support.
In the meanwhile the price action is forming a bearish shark pattern and entered in potential reversal zone.
Sooner or later the price action can take bullish divergence from here at any time insha Allah.
After a bullish divergence from 4th to the 10th of Agust Storj showing stability over EMA 200 and is now hovering over the Ichimoku cloud with the lagging span to exit the cloud. Great risk to reward ratio to enter with your SL at the bottom of the cloud to BTC pair in case BTC decides to get pumped!
Buy 0.00001732 - 0.00001653
Target 1: 0.00001792
Target 2: 0.00001862
Target 3: 0.00001970
Risk/Reward: 5% / HOLD
we ask Allah reconcile and repay
It is generally bearish but there could be a possible small bounce on the latest resistance.
It matches 1) the trend line and 2) the trend on Bollinger Bands.
Possible entrance: 2 to 3 hours from now.