12/15/2017 Long XEL:BTC Potential Breakout
Updated
MACD crossover signaling potential buy. RSI indicators confirming bullish trend. Price closing near trend lines. Watch for 1-hour price candle to close above trend line; if close, trade is active and we will buy with stop-loss below upper trend line in case of fakeout. Conservative buyers can look to buy XEL if price bounces after breaking out.
Comment
Update #1: We have reached out and breached the upper trend line. If we close above the line with a 1hr candle, our risk-takers can submit a buy order. Again, if you want to play it conservative, wait for price to bounce off support before submitting buy order.As always, throw in a stop loss below support to minimize risk! Cheers!
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