FUNFAIR LONG - BULLISH SIGNS
Updated
I'm watching funfair right now:
Symmetrical triangle that's about to breakout soon. If it breaks up I wouldn't be surprised if we manage to hit around 1300 sats so that's our first target. Second target is around 1500 which is the base of the triangle. RSI is relaxed right now but also looking to breakout. Kumo cloud is green and TK cross occurred earlier. If it breaks out it also breaks out of the kumo cloud which is bullish. I like this possible trade and I'm still waiting for a breakout.
If you like my analysis consider following me on twitter: twitter.com/cryptoniter
Symmetrical triangle that's about to breakout soon. If it breaks up I wouldn't be surprised if we manage to hit around 1300 sats so that's our first target. Second target is around 1500 which is the base of the triangle. RSI is relaxed right now but also looking to breakout. Kumo cloud is green and TK cross occurred earlier. If it breaks out it also breaks out of the kumo cloud which is bullish. I like this possible trade and I'm still waiting for a breakout.
If you like my analysis consider following me on twitter: twitter.com/cryptoniter
Note
It broke below the symmetrical triangle which can happen too ofcourse (btc dropping). This is why it's important to wait for a breakout before you buy in. I'll chart again when I see something that looks good.
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.