The price has overcome Fib 0.382 resistance and is on it's way to form Cup&Handle pattern. Stoch RSI indicates overbought state, wait till the price consolidates a bit and buy for a short term trade.
Alternative scenario is Double Bottom formation but this will only increase timeframe of the signal. Fundamentals are good and the most of indicators (Bull Bear Power, Exponential Moving Average (10, 30, 200), Hull Moving Average (9)) show a further growth.
Alternative scenario is Double Bottom formation but this will only increase timeframe of the signal. Fundamentals are good and the most of indicators (Bull Bear Power, Exponential Moving Average (10, 30, 200), Hull Moving Average (9)) show a further growth.
Commentaire:
Double bottom which we mentioned in our analysis is forming. From the strong support around 0.0000255 will be rebound till the upper edge and the price will reach our targets
Skyrex.io is an AI-powered platform designed to make professional-level trading effortless and accessible for everyone
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Access free SmartTrade terminal and automated AI bot at app.skyrex.io