According to my TA, CKB was moving into a rising wedge. Because volume has slowly been picking up and the retrace has advanced about the 50% fib, I now consider this pattern invalid (unless BTC throws a spanner in the works).
We have formed a symmetrical triangle with a nice bounce on the 20MA after the BTC dip. With the introduction of YokaiSwap on the 10th of September, CKB has broken out this triangle (which I believe has now been confirmed). If BTC allows, we look at the following targets $0.022 and $0.030c.
We have formed a symmetrical triangle with a nice bounce on the 20MA after the BTC dip. With the introduction of YokaiSwap on the 10th of September, CKB has broken out this triangle (which I believe has now been confirmed). If BTC allows, we look at the following targets $0.022 and $0.030c.
Note
Idea is invalid.Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.