It alreay had some failed attempts but after the last one, its showing a trend continuation pattern.
Breakout of this smaller pattern would be a strong buy.
Buy the breakout and not earlier! Market is very tricky right now due to BTC/BCC clash
Check my link below for more information how to trade break outs.
SL below 0.055
Target can be determined on smaller timeframe once breakout is a fact.
If it hits my SL, we'll just look for next chance.
Watching for bounce on yellow trendline based on fibonacci extensions
According to my calculations, I'm expecting a bounce in the small blue box.
If it bounces, wait for a break out at (5) for next target which is on the chart.
I just calculated these areas and to my surprise, they are more or less the same as on previous charts ;-)