ISOTBTC starting to turn bullish. Possible long term trade idea
IOSTBTC
Starting to look like it’s turning bullish. After a long term downtrend, stellar was stuck in sideways consolidation for some time. Within this zone it’s now starting to create HH & HL’s.
I’m looking for a breakout of the 85 sat level, retest and will take a long from there. EMA’s need to turn up and widen also to give me confidence of a bullish trend forming.
Volume is starting to pick up also.
First target of 314 seems very likely which would be a 266% gain if holding long term.
This trade is based off the weekly chart so patience will be needed as it will take time to reach these massive targets.
Starting to look like it’s turning bullish. After a long term downtrend, stellar was stuck in sideways consolidation for some time. Within this zone it’s now starting to create HH & HL’s.
I’m looking for a breakout of the 85 sat level, retest and will take a long from there. EMA’s need to turn up and widen also to give me confidence of a bullish trend forming.
Volume is starting to pick up also.
First target of 314 seems very likely which would be a 266% gain if holding long term.
This trade is based off the weekly chart so patience will be needed as it will take time to reach these massive targets.