Looking at our highest timeframe we price is in a bullish parallel channel. Price has failed to break above 0.00001600 leaving us with a double top. Looking for price to break out of our channel and retrace towards 0.00001000.
Shifting over to our pattern timeframe we see price heading towards our trendline. A bounce off this level leads towards a push up to 0.00001700. Stochastic RSI showing momentum is still bearish.
Finally looking over at our trigger timeframe we see price has formed a lower high and is heading towards our 0.00001300 hourly support. Once price has reached this level we will wait for an hourly reversal pattern before taking a position.
Conclusion
Buy after break and close above 0.00001450 on the 4hour / a bounce off 0.00001300
