A nice and big ascending triangle is forming on the Aragon (ANTBTC) chart... It is very likely that a strong breakout to the upside will happen next... Let's take a look:
Aragon (ANTBTC) hit its low sooner than most other altcoins on Bittrex and other exchanges. The low was hit in late June (28th), while most altcoins hit their lows in August and later in September... ANTBTC has been moving higher since.
After a peak was hit on the 17-Sept., volume went down and ANTBTC started to retrace. Yesterday, a high volume bullish candle was printed to break above EMA10. Follow up by the bulls is very likely to happen. The bullish potential is now back on.
Bullish MACD and RSI (indicators).
Many of the Bittrex (where you can find many low volume trading pairs) altcoins are starting to move big time.
We are seeing moves that are in the 3 digits on a daily basis... This is not just a bounce, this is a wake-up signal...
Hi Alan, would you say this trade idea is still relevant ? The momentum is gone, but we're in the triangle, so I don't know if it's still worth entering.