Traders,

This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):

• Inverse H&S pattern – looks to be playing out
• Clear target at area of confluence
• Similar pattern as many other altcoins …tackling a major MA

So, here’s the way I’d play this (also, similar to the recent dogecoin post):

#1 – Zoom in to the 4 hr chart.
#2 – Now, pending your risk tolerance here’s how I would play this:
—— Balls of Steel Risk Tolerance – wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that’s my sign. I enter.
—— “Meh” Risk Tolerance – wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I’m golden.
—— “I’m so scared” Risk Tolerance – for you chickens that wouldn’t cross a sidewalk crack without looking both ways – wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr , then enter if you dare.

Targets:

You first target shall be $152. If you still have your grips on that diamond, then go $170.

Best to you all!
Beer money appreciated.

-Stew