Musicoin (MUSIC-BTC) Cup and Handle breakout imminent
Updated
Musicoin (MUSIC-BTC) has formed a cup on the 30 minutes chart and has retraced the handle part. A pending break will tell us soon if the handle of the bullish cup and handle continuation pattern will continue forming upwards or if it will break down.
You can enter Musicoin at the stars (break points) indicated in the chart. Always enter only after confirmation of an upwards break by finding new support on the old resistance line first. Learn more about cup and handle patterns and how to trade them: investopedia.com/terms/c/cupandhandle.asp
1st sell target: 450 satoshi
2nd sell target: 540 satoshi
Stop loss: below the next support line of your entry point
As always trade safe: monitor your trades and set (phone) alerts and stop loss orders.
I hope you can put my TA to use and make a good profit based on my signals. If you want, you could tip me after a good profit. Thank you!
Bitcoin address: 13MJSpaqqpBm9JfqNUFt424CQZBF8TKHYa
Ethereum address: 0x105e37a11abfcfa80ab51c00bc6837f65183af64
You can enter Musicoin at the stars (break points) indicated in the chart. Always enter only after confirmation of an upwards break by finding new support on the old resistance line first. Learn more about cup and handle patterns and how to trade them: investopedia.com/terms/c/cupandhandle.asp
1st sell target: 450 satoshi
2nd sell target: 540 satoshi
Stop loss: below the next support line of your entry point
As always trade safe: monitor your trades and set (phone) alerts and stop loss orders.
I hope you can put my TA to use and make a good profit based on my signals. If you want, you could tip me after a good profit. Thank you!
Bitcoin address: 13MJSpaqqpBm9JfqNUFt424CQZBF8TKHYa
Ethereum address: 0x105e37a11abfcfa80ab51c00bc6837f65183af64
Note
According to Coinmarket Calendar Music has news coming on december 31th which might add an extra boost to its trades, but remember: "buy the rumour, sell the news" (for short term trading that is). coinmarketcal.com/?form[month]=&form[year]=&form[coin][]=Musicoin+(MUSIC)&form[sort_by]=&form[submit]=
Note
Some moments ago Musicoin released news on artists streaming music to Twitter and getting paid for it instantly facilitated by their blockchain technology. Let's see if and how this announcement will influence the price trend and momentum of MUSIC-BTC.
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