Right now we are on the bullish zone for the CHRBTC (Chromia) altcoin trading pair.
We hit a lower low compared to May when this pair was added to Binance.
All the gains have been removed. All the stop-loss have been activated. Looking for liquid. Building up...
Now that the bearish wave seems to be over, prices can start to jump.
Additional signals:
- Prices are now trading above EMA10 and EMA21. - The MACD is showing bullish divergence while trending higher (still below zero though). - The RSI is also trending high (still below 50). These are early signals.
If you were to use the last low as a stop-loss, for a trade... You would have very low risk compared to the potential rewards. This is a solid setup.