Price has settled at the 78% line and also on the lower TL of an ascending channel.
We also have a wedge pattern formed. All of which suggest a bullish continuation, however it would be best to wait for the break and close above the 61% level and the TL. If you're a bit riskier you can possibly add a smaller position and DCA as price gets higher.
Ofcourse you have to pay attention to whats happening with BTC before deciding to buy into an ALT. Safest bet is to do nothing until price stabilizes and we confirm the up-trend is in the continuation phase.
Let me know your thoughts. Previous analyses linked
We also have a wedge pattern formed. All of which suggest a bullish continuation, however it would be best to wait for the break and close above the 61% level and the TL. If you're a bit riskier you can possibly add a smaller position and DCA as price gets higher.
Ofcourse you have to pay attention to whats happening with BTC before deciding to buy into an ALT. Safest bet is to do nothing until price stabilizes and we confirm the up-trend is in the continuation phase.
Let me know your thoughts. Previous analyses linked
Note
Price has broken out of the TL, and another wedge has formed. I am still bullish, however if price drops below 0.1650 then I will considered exiting the trade for a better trading opportunity.***From an investing POV this shouldnt be a worry
Note
Note
Got the volume move I was looking for, however Im conflicted with closing the position at this point. Will leave the position open and risk taking some more drawdowns. If you want to take a less riskier route, put your stoploss or place a limit sell a little above your entry.Note
Will take half the principal and leave the rest to run. Im expecting a pullback, however not certain what happens after.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.