Long
BQX/BTC ETHOS Potential Cup and Handle in Play?
Updated
The market is quite sensitive right now with BTC being indecisive. So this is a riskier trade that I would only take with small positions.
Ethos experienced quite a nice little surge this morning in case you missed it.
As you can see, a potential cup and handle may be forming with traditional formation signatures (high volume accumulation at the base and ends).
The handle 'may' be in play. Pay attention to whether or not it holds the trendline noted in purple.
Macd looks like it could possibly be prepping for the move.
Entry:
A break above 0.00001118
Tentative profit target:
0.00001285 (just so happens to be the next major area of resistance)
Happy trading!
Ethos experienced quite a nice little surge this morning in case you missed it.
As you can see, a potential cup and handle may be forming with traditional formation signatures (high volume accumulation at the base and ends).
The handle 'may' be in play. Pay attention to whether or not it holds the trendline noted in purple.
Macd looks like it could possibly be prepping for the move.
Entry:
A break above 0.00001118
Tentative profit target:
0.00001285 (just so happens to be the next major area of resistance)
Happy trading!
Order cancelled
Sorry guys. Once again, BTC had different plans and sent the alts crashing. Be careful out there!
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