Trend timeframe we see a was formed at our (0.00002500-0.00002700) zone. was then followed by an aggressive HH and HL structure. Price tested our 0.0007000 resistance, however we did not close above this level. Expecting price to return to 0.00008000, followed by picking up and price pushing towards 0.0001000, showing momentum is starting to head towards the upside.
Looking over to our pattern timeframe we get a better look at price attempting to break our 0.00006500 resistance. Minor support at 0.00006400, price could potentially hold at this level, or we could see a drop towards 0.00006000
Lastly looking at out trigger timeframe we see price is consolidating between (0.00006350—0.00006650). Minor support at 0.00006350 and secondary support at 0.00006050 showing momentum is slowing down, and we are close to bottoming out if we haven’t already.
Target 1: 0.00010000
Target 2: 0.00012000
Target 3: 0.00016000
Target 4: HODL
Buy: After break and close above 0.00006650 on the 4hour
Sell: NO NO NO!
We spend our days following the patterns, technicals and essentials of the
present most sultry data about Bitcoin , Ethereum , and different Altcoins,
and burrow through all the messiness to discover just the best data for our perusers!
In the event that you need the best cryptocurrency to buy / news conveyed
straight to your inbox.