The pennant chart pattern at the resistance level tells us about possible breakout with further upward movement. If the price breaks the resistance line of the pennant, this pattern will be realized as a continuation one. Pending orders for buy will be better to place above the resistance at 12.60 level. Stop orders must be placed below the support at 10.80 level. Profit targets are 16.00 and 22.00 levels. DMI confirms strong upward movement.
@NguyenDucQuang, He he he he.... See you in $16. Actually I put all sell order at $16. Is it wise? Or should I put half at $16 and half at $22?
personemail
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@personemail, Dlavrov prediction usually pass the first target. Second target? Well, tricky.
personemail
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@personemail, usually it drops first and stuff. BCH have a few dips.
CubeSitLong
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Bing bing bing! Learning a lot from your posts @DLavrov, I just started trading cryptos a few weeks ago and your post yest about putting buy orders above resistance points in bull markets and vice versa has been of great assistance already. Thank you for taking the time to share your valuable knowledge, looking forward to more posts in the future.
DLavrov
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@CubeSitLong, thanks for your interest to my work! I will do the best for providing more interesting and useful content.
wertax
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I had a fall while waiting for 16 dollars. What is your recommendation? Will the price drop? Or should I wait instead of hurting?
Bagad
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@wertax, there is a resistance at 14.5 which wont pass it i think