$SUB Price action & Beautiful Structure, Long

2018年5月10日

Daily
Looking at our highest timeframe we see price has found resistance @ 9000 satoshis. Next support zone @ 6000 satoshis , Stochastic RSI showing momentum is still bearish. As BTC rises I am expecting altcoins to retrace until BTC has found resistance.


4Hour
Shifting over to our pattern timeframe wee see price is respecting a bearish parallel channel. 4hour support drawn @ 6900 satoshis & 6120 satoshis. Stochastic RSI showing momentum is bearish, expecting price to drop towards 6500 satoshis bouncing off our channel. Waiting for a 4hour confirmation of support @ 6500.

Conclusion
Buy: After 4hour confirmation support @ 6500 / Break and close above 7500 satoshis on the 4hour