Clean bounce. 4H MACD positive. After the retest on the trendline.
Looks like a good bounce from the trendline and also retest to 0.618 fibonacci.
Retest done successfully as well. Also performing good against $BTC. Retest from 30 SMA on the 4H.
It has retested the 30 SMA on the 4H chart along with retesting 0.618 on the fibonacci scale. Also it is retesting the bottom of triangle formation. Taking the trade early since multiple indicators are positive else would have waited to break the triangle.
Bounced to 20EMA. Buy 26 -26.4 Target 1: 30.5 Target 2: 34.7 Stoploss: 24.6(strong support)
Looks good. 1st target 28.5 2nd target 31 Entry 27 Stop-loss 1 26.3 Stop-loss 2 25.3
It's at a strong support level. Break 0.618 fibonacci levels at 0.865 and it can push to 1.45. Fundamentals for this token are very strong leveraging a combination of technologies including AI, IoT and blockchain. Any partnerships apart from the current big ones including Bosch can take it a lot higher.