Keeping close eye on SUB/BTC 1D
Updated
Keeping a close eye on SUB to go long the next few days.
Hope to find support at around the 200 MA and find another buying signal confirmation using Ichimoku Cloud.
First (Bullish) signal is the tk-cross on 4/14 but it was a weak one since it's below the cloud (Bearish).
And we If everything goes as planned then it should break thru the cloud on the top side
(since we have at least a candle stick closing within the cloud) the next two weeks for 90%+ gain
where it'll find a cloud twist that will thrust it upward given another momentum after breaking a flat top cloud.
Looking at RSI around 40 currently, awaiting for confirmation oversold at below 30.
Hope to find support at around the 200 MA and find another buying signal confirmation using Ichimoku Cloud.
First (Bullish) signal is the tk-cross on 4/14 but it was a weak one since it's below the cloud (Bearish).
And we If everything goes as planned then it should break thru the cloud on the top side
(since we have at least a candle stick closing within the cloud) the next two weeks for 90%+ gain
where it'll find a cloud twist that will thrust it upward given another momentum after breaking a flat top cloud.
Looking at RSI around 40 currently, awaiting for confirmation oversold at below 30.
Note
Oh wow, I totally didn't realize it's a cup and handle formation..... ha!Note
Slightly off target but it should be on its way to 23 fib.
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