MACD on 1 H is ready to cross up. We have support from the EMA and the horizontal line from previous levels of support.
Buy area $5800-5850
Stop $5750
Target $6500
Buy area $5800-5850
Stop $5750
Target $6500
Commentaire:
Forgot to mention that the future premium was only $20. The reason why this was reduced from almost $500 earlier in the month is probably the upcoming forks. However for a short term trade I think we can benefit from an increase in price and premium.
Commentaire:
After taking a look at the bigger timeframes 4H, 1D, 1W charts I have changed my mind and no longer agree with my own target. Since the trade is still in profit consider closing it and taking the current profit.
I have added a new daily chart. You can find it here:
I have added a new daily chart. You can find it here:
