Long on the AIG Ascending triangle

Been watching this token for a while now and noticed the bottoming behavior. Was waiting for a set up to trade and it finally presented itself in the form of an ascending triangle.

TP is the 1.618 Fib line which lines up perfectly with the target of the AT.

This is not trading advice just for educational purposes DYOR

Note

Looking for a bounce off of the top of the AT here. However we cannot ignore the bearish double top at 1500 sats. Long term it's not scary enough to make me exit before my stop, but it should be noted that, that level will be of significance if we bounce here.

Note

This idea is not looking good so far. After the double top at 1500 sats there has been a bear flag causing the 25 under 50 EMA cross. Then a second bear flag which broke to the upside but was quickly rejected by the 100 EMA.

long term I'm bullish on Singularity, but this Ascending triangle is becoming invalid for the explosive gain we were hoping for.

Trade closed: stop reached

A clear rejection at the double top at 1500 date... will re evaluate and look for a better entry. BTC crapped the bed last and took the alts down with it.

DHuts

Like it if you like it, and comment if you have a question. I'm happy to answer!

***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***

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DHuts

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