We could recognise a pennant pattern right here which is crazy cause :
" - In 75% of cases, a pennant’s exit is in the same direction as the movement preceding its formation.
- In 90% of cases, a is a continuation pattern. "
That would mean that if we get out by the upside as a continuation we could have a 106% move to the upside.
However, We although have a divergence that hasn't played out on the and the is giving us a cross so I would be really cautious.
A breakout on of this would give me a clear way on where to go.
Break on the upside and I would go :
Break on the downside and I would wait to see Price action in zone 0.000001349-0.000001614 which could be a nice zone to recharge.
If I were "bullish" on this coin I would wait until price action reach zone 0.000001349-0.000001614 as mentionned in the original idea.
Trading is not about fishing every time, it's about knowing when to take the set up or not.
Here Price action indicates to move out of set up.