MOVED DROPPED and WAITING TO RUN UP AGAIN
From the previous chart, a bullish pennant triangle was spotted and broke out, but pulled back down to test the 0.5fib level.
price target still valid as the throwback gives opportunity to buy lower.
AS SHOWN BELOW:
In the one hour time frame, the same bullish pennant flag pattern has been spotted. Just like other which has played out fine mostly in the bear market. They perform an invaluable service by marking the midway point in a move. With its symmetrical triangular flag almost completed, price will range and consolidates little more between 0.5fib retracement level to 0.236fib(87sats down to 78sats respectively) before a proper move to the resistance inside the flag. CHECK THE PREVIOUS POST ON RDDBTC https://ci.covesting.io/tradeidea/rddbtc. ALWAYS REMEMBER THE TREND IS YOUR FRIEND!!!
BUY: the breakout( 0.00000091sats or hold for long term)
SELL: 0.00000114sats up to 0.00000120sats
STOP LOSS: 0.00000073sats
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.