Long
SUBBTC Starting to look very tasty!
Substratum (SUB) has been bleeding since early Januari's BTC crash and never managed to break the purple trend line. They claim to have some interesting announcements in the upcoming weeks which might spark another bull run.
Why you should keep an eye on SUB:
Things to look out for:
For now let's wait and see, but keep an eye on this one as it might take off to the moon before we know it. However IF you make the trade, put a stop loss slightly below the next support level.
If you want to reward me for the time I spend to research and TA and keep this going:
Donate BTC: 1EQuazVs5MHpcBrceUvKWwtmFBVpNn6hxw
Donate ETH: 0x9746e2692bad3dc2da5c8d759e2d8c56af74e3d9
Donate LTC: LVZef6iRGe7unhECDFmGDM8VzDMzUaGZqY
Thank you and good luck!
Gojira Nakamoto
ps. This is not financial advise. Use the above information as an indicator, or a way to learn.
Why you should keep an eye on SUB:
- Fantastic strong project, this is not your average shitcoin but a solid working product.
- Currently SUB finds itself on a strong support level which traces back all the way to the height of the first Elliot wave of the previous bullrun.
- Potential breakout near as we cross the support zone and bear trend line.
- MACD shows upward momentum and an bull cross.
Things to look out for:
- Will SUB hold the strong support line or the support below? Look for a consolidation period.
- Does it break the bearish trend line we have had since Jan 9th?
- Is there any upcoming news to match it to a potential breakout on our timeline?
For now let's wait and see, but keep an eye on this one as it might take off to the moon before we know it. However IF you make the trade, put a stop loss slightly below the next support level.
If you want to reward me for the time I spend to research and TA and keep this going:
Donate BTC: 1EQuazVs5MHpcBrceUvKWwtmFBVpNn6hxw
Donate ETH: 0x9746e2692bad3dc2da5c8d759e2d8c56af74e3d9
Donate LTC: LVZef6iRGe7unhECDFmGDM8VzDMzUaGZqY
Thank you and good luck!
Gojira Nakamoto
ps. This is not financial advise. Use the above information as an indicator, or a way to learn.
Trade active
Guess what happened at the second support level! Breakout!Note
Taking a little bit profit around the 5400 resistance line. It might tumble a little from there to retest the top side as of the trend line which most likely will act as resistance.Note
5400 hit perfectly, rebuying the 0.65 and 0.718 retracement of the break out wave!Note
Today was day traders heaven for SUB, managed to flip it 3 times. Congrats to those who listened and sold EXACTLY at my proposed top!Note
Currently doing a small retracement, getting ready for the next wave which will be HUGE if this holds up. Keep a close eye on current 4 hour resistance levels to confirm SUB is starting a bull run.
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.