The price bounced from the support zone formed by the uptrend line and 0.000600 support level. RSI confirmed price reversal. If the market stays above the uptrend line, it will give us a new trading opportunity. We can place pending orders at 0.000680 level in order to catch possible upward movement. Stop orders must be placed below the local swing low at 0.000580 level. Profit targets are 0.001000 and 0.001300 resistance levels.
Hi..can someone please explain to me why most of crypto analyses on charts are made in correlation with bitcoin like for example WAVE/BTC..why not WAVE/USDT? for example if BTC drop for 50% your altcoin would show 100% growth altough the value of the coin remains the same?Why not making predictions in relation to more stable currency such as USDT so you can see the true change of the value..thanks
BellaDonna
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@mushorama, For me the ultimate goal is more BTC. When the alt coin reaches the profit target I sell for BTC; the idea is that the alt coin will gain faster than BTC.
Jeffrey4keeps
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Looks like a possible cup with handle forming on the 1hr chart?