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Hi
Going to buy a breakout of this small daily range. The price is a little erratic, but it's worth pursuing these setups on cryptos as the risk/reward can be in multiples of ten if it gets pumped. The price has also been though a pretty erratic 'resetting period' since the last pump and is beginning to become more consistent in it's waves.
Link to chart:
https://www.tradingview.com/chart/POTBTC/dqttYpIN-POT-BTC-LONG-after-breakout/
What I'm looking for:
- We have an overall uptrend and the price is more or less respecting the larger trendline (yellow).
- The price is also holding above the moving averages , which are also holding green and consistently moving up for the last few weeks.
- If we look on the weekly timeframe we can see that the the ALMA (arnaud legoux moving average ) is turning green.
- If we break about the current range we will also have a third low bouncing off the faster trendline (pink)
Good luck!
Mark