I think you are doing the chart wrong personally you started way too far back. is consider that small yellow candle @ 11-25 0.0422 and before all moot point. Also your top range is way too high. Top 1 should be @ 0.0110 then second top @ 0.0134. the overbought top you have currently hasnt help since. your profit target should be about 0.0130 max. It is currently forming a symmetrical triangle. As you can see the tops are trending downward ever since it hit its highest point.
Lower highs + Higher lows = symmertical triangle unless of course you have those + STOCHRSI & RSI indicating bull trends with oscillators.
DigitalData
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you can see it is being pinched down towards that corner. You are right though it most likely is going to pop upward. However a sym triangle is a lot more to be worried about than the setup you currently have. If I was to use your chart and bet big it would appear little to no risk. In a sym triangle you have at least medium/high risk esp with the current news!
@chami2703, No problem man. Like I said your overall on the right track just that top resistance line I think is too high. I only plot my main things on a 12 or 6 hour. The other tricky part is this coin hasnt been around long enough to use a day chart. A day chart usually you want a full year. I would re analyze via 12 hr or 6 hr :)
Lower highs + Higher lows = symmertical triangle unless of course you have those + STOCHRSI & RSI indicating bull trends with oscillators.