Went long on this yesterday on Bitmex with 10x which gives a $200 REKT price which I think is pretty safe. Target for now is $270, from a buyin of say $220 that would give a 227% gain. Looking on the daily you can see it is at a point where it needs to decide what to do.
On lower timeframes you will see it has fallen below this trend but the daily looks fine and the oscillators don't show anything except continuation. So for me for now this is a long.
My referral link for Bitmex should you like to play this. Dont have to use it just posting this to see what happens.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.