Long
Strat = Showing good accumulation = Bull yet to come.
Strat tested the upward trend line after failling from ATH. [all time high]
Broke the downward trend line on on 18th July.
It has now accumulating inside the channel.
Long term targets
1st Target = 0.00324 [upward channel line]
2nd Target = 0.00430 [previous ATH]
Can see a new ATH in coming weeks to months as
there are some major releases in Q3 - Q4 2017
Stop loss =
1st SL = below the lower channel support
2nd SL = below the upward trend line support
Bullish Signals
Ichimoku cloud breakout = Bullish
Support at EMA 200 = Bullish
Support at bottom of cloud = Bullish
Upward Trendline support since March 2017 = Bullish
Possible scenarios
We may see strat touch the bottom of channel once more to test it. = That would be instant buy signal
1st target would be the upward line of channel. Followed by retest of ATH
Broke the downward trend line on on 18th July.
It has now accumulating inside the channel.
Long term targets
1st Target = 0.00324 [upward channel line]
2nd Target = 0.00430 [previous ATH]
Can see a new ATH in coming weeks to months as
there are some major releases in Q3 - Q4 2017
Stop loss =
1st SL = below the lower channel support
2nd SL = below the upward trend line support
Bullish Signals
Ichimoku cloud breakout = Bullish
Support at EMA 200 = Bullish
Support at bottom of cloud = Bullish
Upward Trendline support since March 2017 = Bullish
Possible scenarios
We may see strat touch the bottom of channel once more to test it. = That would be instant buy signal
1st target would be the upward line of channel. Followed by retest of ATH
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.
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.