DEAPCOIN (DEP) Fake Breakdown, Can Go Bullish Now For 150%
DEAPCOIN (DEP) just printed a perfect "fake breakdown" candlestick pattern which will be completed if prices close today above 59 satoshis (0.00000059).
Meaning, if prices close above 59 for DEPBTC, we can see strong bullish action take place.
This is because the break we saw below support in early October, will turn out to be a "shakeout"/"stop-loss hunt", rather than a real break of support.
We have a strong RSI, above 50, supporting this move and also other altcoins pairs starting to move.
Conditions for change
This pattern is invalidated if prices for DEPBTC close below the ATL at 41 (0.00000041).
Thanks a lot for reading.
Namaste.
Meaning, if prices close above 59 for DEPBTC, we can see strong bullish action take place.
This is because the break we saw below support in early October, will turn out to be a "shakeout"/"stop-loss hunt", rather than a real break of support.
We have a strong RSI, above 50, supporting this move and also other altcoins pairs starting to move.
Conditions for change
This pattern is invalidated if prices for DEPBTC close below the ATL at 41 (0.00000041).
Thanks a lot for reading.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.