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AngryBoris

Possible Breakout Starting on Daily

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POLONIEX:BLKBTC   None
Support and Resistance Pivot Points Trend Lines Divergence Trend Line Break trendreversal
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supportandresistance pivotpoints trendline divergence trendlinebreak trendreversal
BLKBTC looks like its possibly found a bottom and is trying to break its downtrend. Bullish divergence with RSI/price could be a supporting signal of upward move. It is also breaking up out of a triangle on the daily. I drew what I perceive as a few downtrends it needs to break. I won't consider a buy until it breaks the first one right around the green line. I set a few hopeful TPs and the red line is my stop.

Buy in: 0.00003865
TP1: 0.00005400
TP2: 0.00006750
Stop: 0.00002680
Komen:
Failed to break through its current downtrend. Not quite ready for the jump. Looks like its gonna head down to lower support again at around 0.00002780 for now.
Komen:
snapshot

Bounced off lower support and heading to top of descending triangle. Watching for breakout before buying.
**Updated positions**
Buy in: 0.00003445
TP1: 0.00004970
TP2: 0.00006680
Stop: 0.00002680
Penafian

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