KNIFE Pattern Chopping It's Way to the Bottom
Updated
Okay, so it's just a descending pennant pattern, but the knife is cool. Coming off a downtrend, it should signal an up-move is coming. Price will be fighting the all time low (for bittrex) and the wedge support line. It just might be enough to turn the momentum positive. Set your buy trigger and stop loss appropriately. There are 2 potential breakout locations whose targets are charted. Indicators should support.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
Trade closed: target reached
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