If I have learned one thing in all these years I am trading, it's that when a coin is behaving with a long lasting sideways moves which are very tight, it's a strong indication of a strong move.
Same as when there is low volume for some time it's only a matter of time when the volume comes in, trick is to determine if volume is going to be buying or selling...
After the price was able to touch the ATH in 3th Sep, with a quick dive entered the accumulation channel,
Now price in moving sideways and we expect a valid breaks out for exit this channel.
Crosses up price from 50% fibo extension level, can be considered as a valid breaks out
For now, MACD prevailingly neutral but moving toward bullish
This is another market that looks interesting for buying, of course, if Bitcoin doesn't move downward.
The price bounced from 0.025$ support and broke the local downtrend line. MACD and RSI are bullish and support a possible upward movement. If the price can move and stay above SMA20 and SMA50, we will get a possible buying opportunity.
Here is an example of a...
*Mid Term Trade*
Buy At The Retracement Price💰
Sp1: 0.02714 (5%)
Sp2: 0.02699 (3%)
⛔️ OCO Stoploss
Stop Limit Trigger
Short-Sell @ 4% Profit Area
Good Luck 👍
*Use 50% Of Your Capital*
DKM Crypto Academy
In God & Crypto we trust