BITTREX:SAFEXBTC is experiencing some moving average congestion and about to make a move. The direction is not clear considering BTC's current rally but technicals suggest bullish. As long as price remains above the middle band and crosses above resistance at 115, SAFEX will have room to fly. In addition, it appear to have just completed the 5th wave major wave in its previous downtrend and may only be stagnating at this price because of current market condition. This is mid to long term hold but a tight stop is still advised.
Entry: <110
TP1: 125
TP2: 150
TP3: 200
Target: 350
Entry: <110
TP1: 125
TP2: 150
TP3: 200
Target: 350
Commentaire:
TP1 Hit. TP2 not far...
Commentaire:
Forgot to update this. TP2 HIt. Next run will likely take price to TP3 so current price is a good entry
