DEAPCOIN (DEP) Fake Breakdown, Can Go Bullish Now For 150%
DEAPCOIN (DEP) just printed a perfect "fake breakdown" candlestick pattern which will be completed if prices close today above 59 satoshis (0.00000059).
Meaning, if prices close above 59 for DEPBTC, we can see strong bullish action take place.
This is because the break we saw below support in early October, will turn out to be a "shakeout"/"stop-loss hunt", rather than a real break of support.
We have a strong RSI, above 50, supporting this move and also other altcoins pairs starting to move.
Conditions for change
This pattern is invalidated if prices for DEPBTC close below the ATL at 41 (0.00000041).
Thanks a lot for reading.
Namaste.
Meaning, if prices close above 59 for DEPBTC, we can see strong bullish action take place.
This is because the break we saw below support in early October, will turn out to be a "shakeout"/"stop-loss hunt", rather than a real break of support.
We have a strong RSI, above 50, supporting this move and also other altcoins pairs starting to move.
Conditions for change
This pattern is invalidated if prices for DEPBTC close below the ATL at 41 (0.00000041).
Thanks a lot for reading.
Namaste.
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