Long
PINKBTC - A potential rise within chan with multiple indicators
Updated
PINK has some potential here.
LOOK FOR (in order)
RSI Break - wait for break of 60, immediate target is top of RSI trend @ 62~.
Break of local trend - early buy signal, potentially half position.
Break of box - Also happens to be a fib that has proven to be a challenge for pink.
Wicks are our biggest concerns here, this has been a rather long consolidation with some attempted breakouts. It should be good for a near 100% gain in this channel alone before things get dicey.
LOOK FOR (in order)
RSI Break - wait for break of 60, immediate target is top of RSI trend @ 62~.
Break of local trend - early buy signal, potentially half position.
Break of box - Also happens to be a fib that has proven to be a challenge for pink.
Wicks are our biggest concerns here, this has been a rather long consolidation with some attempted breakouts. It should be good for a near 100% gain in this channel alone before things get dicey.
Note
thats RSI @ 72 not 62~, sorry.
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