$Substratum, $SUB Continuation Or Bounce

2018년 6월 14일

Weekly
Trend timeframe showing price has just reached our major support zone 4000 satoshi. Expecting some weekly consolidation at this level, stochastic rsi showing momentum has bottomed out.


Daily
Shifting over to our pattern timeframe we see price respecting a descending wedge pattern. Stochastic RSI still showing momentum is a our bottom. A daily close above our wedge line activates our trade, other wise we are waiting for the bears to continue to push price down towards 2000 satoshis.


4Hour
Last but not last we have our trigger timeframe, where we see price is making its way towards our first resistance at 4500. Expecting a rejection at this level on to form a double bottom at our major support zone, leading SUB to breaking out of its descending wedge. A 4hour reversal signal confirms our entry.