STEEMBTC Long Position Bullish AB=CD
Updated
The Bullish AB=CD pattern has completed and price is finding support at the "Fibonacci Support Cluster 2" on my chart.
RSI is oversold and turning up.
Also, we have hit the bottom trend line of the descending channel where we may have found support.
In case you are wondering, I erased the "Fibonacci Support Cluster 1" because it is no longer relevant.
Position
Entry: 0.00173 BTC
Stop Loss: 0.00154 BTC
Target 1: 0.00258 BTC
Target 2: 0.00312 BTC
RSI is oversold and turning up.
Also, we have hit the bottom trend line of the descending channel where we may have found support.
In case you are wondering, I erased the "Fibonacci Support Cluster 1" because it is no longer relevant.
Position
Entry: 0.00173 BTC
Stop Loss: 0.00154 BTC
Target 1: 0.00258 BTC
Target 2: 0.00312 BTC
Trade closed: stop reached
Stopped out on this one. Looking for the next support level at 0.00126 BTC.
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