We are currently in a strong uptrend in a reversal pattern from a bounce off the long-term support line.
Movement is mimicking the last bullish move up to the 0.00003396, which I think shall repeat.
Strong cup and handle is forming. Pending orders will want to be placed at a break of the neckline at 0.00001886. Stop Loss at 0.00001700.
We have strong bullish confirmations holding above the 100ema and ichimoku on the 3 and 4hr charts.
First profit target at 0.00002481 (0.5 fib retracement) Risk reward ratio of over 3:1.
Should experience some resistance at the hidden long-term trend line (noted in yellow).
Break above that should take us to our second profit target of 0.00003396.
Good luck!
Movement is mimicking the last bullish move up to the 0.00003396, which I think shall repeat.
Strong cup and handle is forming. Pending orders will want to be placed at a break of the neckline at 0.00001886. Stop Loss at 0.00001700.
We have strong bullish confirmations holding above the 100ema and ichimoku on the 3 and 4hr charts.
First profit target at 0.00002481 (0.5 fib retracement) Risk reward ratio of over 3:1.
Should experience some resistance at the hidden long-term trend line (noted in yellow).
Break above that should take us to our second profit target of 0.00003396.
Good luck!