The pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose you go in your buy zone.
Binance released news four hours ago stating that they would be offering OMG in the very near future, market result? zzzzzzzzzz. This is a strange reaction given that Verge surged on similar news from the same exchanged yesterday.
RBmooney
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@mooneymoonman, *exchange
kokopuffs
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Enjoyed your TA. Only thing that bugged me was when you wrote 15:1. Misleading as this means 15x your investment.
Just leave it at 15% :)
spectertrading
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@kokopuffs, Hey thanks, but that's why I wrote RISK REWARD right by the side....