Edgeless possible breakout

2017년 12월 25일

After Edgeless's recent spike, it fell as low as the 78.6fib retracement and is not sitting on the 61.8. It has already broken above the downward portion of the bullish flag setup but failed to reach a higher value than the initial pump. The trend line seems to be holding it up pretty and the RSI could easily move in either direction. Definitely one to keep an eye on for a possible breakout. I have seen many coins that perform this and break the trend but in a horizontal movement for a few hours or even days, but eventually breakout so just because it breaks trend sideways, it does not mean sell; only sell if it falls below support at 14000 (and it has to be a solid candle below). Good luck fam!!

2017년 12월 25일

노트

Also, sorry, I didn't realize I zoomed in so far on the graph haha. If you check out the graph yourself, you will see where my trend line was placed

2017년 12월 25일

액티브 트레이드

As you can see, the horizontal movement did eventually result in a rise in price. On top of that, there is now confirmation on the 4 hour chart that the upward momentum is continuing indicative by the RSI continuing upward. Due to positive divergence, I can see this coin testing the 30K to 40K sat range, potential of 100% to 200% profit. Good luck out there