bristleback

bristleback

Reasons why it can pump: 1. We had that big bullish divergence on a big time frame (14.08.2018 - 12.09.2018), which played played nicely and recently turned into a nice ascending channel. 2. Resistance was tested a few times and was finnally breached. If we bounce from the dynamic support, we`ll be looking to test the upper side of the channel. However if we...

bristleback

Scenario 1: If the previous resistance turns into support this would be a good buying opportunity. Buy entries: 385 - 390 - Target 1 --> 490 - 500 Target 2 --> 570 - 580 Stop loss: 378 -381 Scenario 2: If the breakout was a fakeout (sorry for the rhyme) and we dip below the resistance, this could turn into a decent...

bristleback

Buy entries: 385-395 - Target 1 --> 490 - 500 Target 2 --> 560 - 570 Stop loss - 378-380 If previous resistance turned support breaks we might get a bearish momentum which provides a good opportunity to open a short position with targets for 290-300.