[BUY SIGNAL - 7:1 RISK/REWARDAnother pattern to be watched in its early formation, recent strong down trend just got breached with strength. We're in an oversold position, if the MACD line stays above zero and we watch a crossing also on the positive y-axis we might see a good and strong up movement.
Buying on a little over the high of the first candle body completely closed out of the pennant to confirm movement up would be the safest play.
Altcointest
Going long on PINK with ATH breakoutPINK recently broke out and hit an all-time high market cap of $693k, #154 coinmarketcap.com. (Sorry for all the color on this chart) my target price range is 196-220 sats before it will find the next level of resistance and retrace to find new support. The highlighted area in blue under the target price was the previous breakout range where there was a double top formation that could potentially form support on the next down turn. Nevermind the timeline, this will most likely happen over a short period of time.
Overall, I'm bullish on PINK for the low market cap (allowing easy upside) and the potential for growth within the charity donation space.
