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Symmetrcialtriangle

KNC/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this KNC/USDT LONG setup. KNC looks good here. KNC is breaking out from the symmetrical triangle and currently retesting it. It's good opportunity to long some here but do not forget to use tight SL. Entry range:- $3.10-$3.18 Target:- 18-20% SL:- $3.04 Lev:- 5x-10x If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
3
Bitcoin Drops To $7000 Before Halvening Pump Begins an UptrendI think it is safe to say the the early February $10,502 high was the current movement's high. What this does is give us a descending resistance line traced all the way from the all-time high price. Measuring from the December 2018 $3128 low, we can also outline an ascending support line, that creates a symmetrical triangle. So, we have a pattern that we can use for the future movement. Now, over the past 168 days, the weekly RSI has moved above/below the 50 line five times. This is indicative of range trading, which seems logical since the descending/ascending resistance/support lines are working to narrow the range. A decrease towards the support line in the low $7000s seems almost certain. The next (third) halvening is on May 11. After the proposed decrease to the low $7000s, I am expecting a breakout above the resistance line followed by a strong RSI movement above 50, confirming that the consolidation period is over. Similar to the prior two halvenings, the BTC price is expected to go into the next one in an uptrend, whose rate will accelerate greatly afterwards.
BNC:BLXLong
by BitcoinMaximus1