Updated
FUNBTC - 40% profit idea
We have got spike in volume in the last hour and Stoch RSI is in oversold area.
MACD is converging.
MACD is converging.
Note
I just wanted to add volume here Note
We might be in a consolidation phase now, we may see cup and handle pattern formation and on the 4h chart all the indicators are still quite promising. We may also expect that the trade will develop within the designated channel before a break out. If you have doubts you may end the trade at break even or set a stop loss on the lower side of the channel.
Trade active
Hit the previous resistance at around 0.00001, currently in consolidation stage, may continue trading side ways within the channel for a while.Note
tested previous support, moving upwards.
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Disclaimer
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.