BONEUSD Don't rush on it yet. Buy in October, it's scripted!
BONEUSD / Bone ShibaSwap is having a strong 2 day bullish streak and is near forming a 1day Death Cross.
We don't see this as a long term buy opportunity yet as not only is the price still under the Falling Resistance but hasn't yet hit the Rising Support of the long term Triangle.
In order to confirm the new bullish sequence, the price needs to cross over the Falling Resistance and typically close 1day over the 1day MA50.
Wait for a buy in the lower regions of the ellipse which can be timed after mid-October and target the top of the Triangle at 1.6000.
Using the sine waves you can see how consistent the timing of the tops are, it makes you even think that it's scripted.
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We don't see this as a long term buy opportunity yet as not only is the price still under the Falling Resistance but hasn't yet hit the Rising Support of the long term Triangle.
In order to confirm the new bullish sequence, the price needs to cross over the Falling Resistance and typically close 1day over the 1day MA50.
Wait for a buy in the lower regions of the ellipse which can be timed after mid-October and target the top of the Triangle at 1.6000.
Using the sine waves you can see how consistent the timing of the tops are, it makes you even think that it's scripted.
Follow us, like the idea and leave a comment below!!
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