Technical analysis [TT / BTC - HUOBI]

Technical analysis [TT / BTC - HUOBI]

By MrBullishSail | TA crypto market | 27 Jan 2020


TT seen from the temporality of 1D we can see how the price currently is within a pennant in the smaller figure indicated within the chart by the two red diagonals, this is a continuation pattern, therefore, once we achieve the break up we should see the price looking for the break up of the trend diagonal of this accumulation phase, I have indicated this level within the chart by means of the large black diagonal, if we achieve a strong closing above this level we will see an upward trend with great earnings potential, the target is located at 0.00000225, indicated within the graph by the point WEEKLY (B).

In conclusion, TT is very close to finish the accumulation phase, we are in the final stage, at the moment the price is correcting within the minor figure, the recommended thing is to wait until the price reaches the demand located within the price range of 0.00000090 – 0.00000085, coinciding with the diagonal support of the red minor figure, a close below this level invalidates the pattern, however, we have the major support coinciding with the level of RECLAIM at 0.00000079, therefore, this currency looks very bullish in the short and medium term, we must only be very attentive to the action of the price in 1D and always remember to place your stop losses to avoid possible invalidations during the movement.

LINK: https://www.buymeacoffee.com/XCdmEAZnD

LINK: https://www.buymeacoffee.com/XCdmEAZnD

You can follow me on Twitter: https://twitter.com/armijogarcia

My profile in TIMM: https://mentormarket.io/profile/?mrbullishsail/blogposts

https://mentormarket.io/about/terms-of-service/

How do you rate this article?


0

0

MrBullishSail
MrBullishSail

Technical Market Analyst Crypto trader Website: https://www.buymeacoffee.com/XCdmEAZnD Twitter: https://twitter.com/armijogarcia


TA crypto market
TA crypto market

In this blog I will be publishing my technical analyses made to different cryptocurrency.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.