HI all, Crypto sludge here
Today was a decent day of corrections after the massive dip we had on Tuesday.
I believe we are getting close to a possible breakout
The 1H chart, we are about to test the itchi cloud resistance, and if we can break that, the next resistance is the TD make trend line @ 12.1K$ - passing that will be a major bullish signal for me for a short term "buy the breakout trade" with a target of 13.1k$.
If we fail this test, i am looking at Support 1 @ 10.1k (bottom of the cloud) then Support 2 @ 9487$ (Another TD make trend line ) and finally 8.7K$ as the last resort before total market meltdown :)
Let me know what you think, never invest more then you can afford to loose , and don't listen to random people on the internet, do your own research :)
Trade ON!
Crypto Sludge
The best place for stoplosses is a question. Maybe 11700... May be let it be.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Speaking words of wisdom,
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed, 11700 could probably be good stop loss but we didn't made the buy target so no body was supposed to buy in :D and as expected if we failed the breakout we are correcting downward.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I also made a drawing :p
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit