Long
NANO_BTC
Updated
Chart asked from VIP member
TIME FRAME - 1hr
Indicators -
RSI strong now but already high
STOCH RSI coming up
MA100 strong support now! its aligning with the trend line (black) this its important!
Price -
what to look? started a big reversal breaking MA100 and coming exactly for 1.618 FIB [GREEN] (fib calculated by last resistance and the bottom)
this 1.618 [GREEN] its first target from who bought at bottom this explain why retraced from that level.
After touch target retraced for 0.5 FIB [Blue] (calculated by last bottom and new high) then tested resistance again failed but still making high lows this formation its a ascending triangle with flat top (BULLISH)
The Pink FIB its next target if break FLAT TOP formation FIB calculated from last swing high and last swing low.
RICK what did u recommend here?
STOCH RSI coming up show us a chance to try break triangle formation this its an education chart but if breakup flat top can be a good buy looking to 1.618[PINK] first target and 2.618[green] second target
But market still unstable and if BTC start a bull run alts will drop more because traders will sell alts to catch BTC ride, so if u are looking to enter here get in and get out fast!
TIME FRAME - 1hr
Indicators -
RSI strong now but already high
STOCH RSI coming up
MA100 strong support now! its aligning with the trend line (black) this its important!
Price -
what to look? started a big reversal breaking MA100 and coming exactly for 1.618 FIB [GREEN] (fib calculated by last resistance and the bottom)
this 1.618 [GREEN] its first target from who bought at bottom this explain why retraced from that level.
After touch target retraced for 0.5 FIB [Blue] (calculated by last bottom and new high) then tested resistance again failed but still making high lows this formation its a ascending triangle with flat top (BULLISH)
The Pink FIB its next target if break FLAT TOP formation FIB calculated from last swing high and last swing low.
RICK what did u recommend here?
STOCH RSI coming up show us a chance to try break triangle formation this its an education chart but if breakup flat top can be a good buy looking to 1.618[PINK] first target and 2.618[green] second target
But market still unstable and if BTC start a bull run alts will drop more because traders will sell alts to catch BTC ride, so if u are looking to enter here get in and get out fast!
Note
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