Good morning my fellow Cryptocurrency trader, let's start the day with an easy move, an easy target and an easy way to double up.
A bit more than double up.
➖ COTIBTC broke a minor internal trendline which is part of the consolidation box/range. As this happened, there is a day with really, really high trading volume. Needless to say, this is a green day.
This signal alone is telling us that COTIBTC is preparing for a bullish move; it is actually bullish already to be honest but this pair can produce additional growth.
➖ High volume, green candles, broken consolidation range and trading above MA200 & EMA300; That's all we need to know.
Do your own planning of course —Selling for profits.
Depending on your risk tolerance, the stop-loss can be tight just as it can be wide.
We will comeback in several weeks and look for results.
Namaste.