Chart explains it really. In line with higher time frame bias and confluence with bearish DXY I'm expecting.
Fudementals are very good for this Altcoin. Technicals have lined up very nicely for the buy as you can see. Chart explains it all really.
I'm only trading if see an upwards break of the structure I have plotted otherwise I'm not trading it as it could easily push lower if price struggles to find the necessary buy orders.
Chart explains it all really from a technical perspective. The coin itself has a lot of value as crypto currency and is undervalued in my opinion. Likely to see a push to the upside. Can even hold long term if you don't want to trade it.
I have annotated the relevant levels. Equal highs being formed so I'm expecting price to fly past them to take out stops and capture the remaining liquidity from the supply zone above where we seen a strong imbalance in the price. I am going to be very active on this channel from now so follow up for more set ups and content!
Will most likely take out the equal highs being created on M15 and then rally up as a false move into the area of supply. How you trade it is dependent on your style and aggression so left 2 zones. One higher time frame zone and one lower time frame entry zone. Follow for more! Going to be very active on this account.