SNGLSBTC - More positive than negative signs on 4h candle

Updated

MACD showing hidden bullish divergence with higher lows in price and lower lows in the oscillator.

RSI pointing up and below the 50 levels.

Price on the lower edge of the bollinger band combined with the indicators above suggests a pullback to the moving average

Hence signs are much more positive than negative! Watching for downward break, if rejection - buying in!

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Well that wasn't long

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Broke upper resistance. I know as soon as I published this idea, within an hour the price went up. But anyone who bought in are in profits now - enjoy!

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Sold at 3k sats - upper resistance. Yes I could have made more as it went upto 3.8k sats but no should have/could haves in this world! Be happy with your profits!

Good point to buy in again would be the at the support around 1.8k - 2.1k sats.
4h candle shows MACD converging, RSI pointing down so expect some downtrend for the next few hours and then pick up again...unless there's a pump.

No harm in putting a low limit buy :)

Trade closed: target reached

More or less hovers around the channel. Had a limit buy at 2k, didnt quite drop to that level but you can see you can make easy profits off this trade. Will give a new idea after more analysis.

Closed for now

Eyox

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