Watch out for direction on MUSIC
We are soon arriving at the end of the symetrical triangle.
Many signs to support an exit of the symetrical triangle on the bearish side with a trend reversal
- RSI divergence on the current ascending channel (red support and blue resistance)
- Very strong old resistance (green) confirmed by RSI
I will watch which direction it takes, if it's a bearish exit, then will sell coins and wait for a better time to re-enter.
If the exit is bullish, better wait confirmation for a safe trade to buy at 440-475, with target at 660. Stop loss 300.
This is where the green resistance comes from :
Many signs to support an exit of the symetrical triangle on the bearish side with a trend reversal
- RSI divergence on the current ascending channel (red support and blue resistance)
- Very strong old resistance (green) confirmed by RSI
I will watch which direction it takes, if it's a bearish exit, then will sell coins and wait for a better time to re-enter.
If the exit is bullish, better wait confirmation for a safe trade to buy at 440-475, with target at 660. Stop loss 300.
This is where the green resistance comes from :
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