The volume is decreasing and the tightening consolidation. It's giving us signal of breaking out from the Symmetrical Triangle. This pattern is considered as continuation of the current trend.. Also RSI indicator is supporting this idea. The markets are showing it's a great opportunity to open long term trades.
Note this pattern is giving to us our second target which is around 5.2 level if it does break upwards. Rest of these targets are positioned near to resistance levels.
Partial of the holdings should be sold at 4.5 level. Partial profit target is helping with money management and can be used for the new investments while rest of the holdings are waiting for the longer term profits.
Also I strongly recommend using stop-losses which should be set at 3.4 level!
Anyways..
Trading information:
Buy: above 4
Profit Targets: 4.5, 5.2 & 6
Stop-loss: 3.4
Things to remember:
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Note this pattern is giving to us our second target which is around 5.2 level if it does break upwards. Rest of these targets are positioned near to resistance levels.
Partial of the holdings should be sold at 4.5 level. Partial profit target is helping with money management and can be used for the new investments while rest of the holdings are waiting for the longer term profits.
Also I strongly recommend using stop-losses which should be set at 3.4 level!
Anyways..
Trading information:
Buy: above 4
Profit Targets: 4.5, 5.2 & 6
Stop-loss: 3.4
Things to remember:
- To trade safely we need to use stop losses in case something goes wrong.
- Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
- Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Komen:
Update on ETP:
Previous triangle failed. Here's another one forming.
