Bluzelle Under Accumulation - Prime Candidate for a Breakout

20 maj 2019Yesterday night I shared an trade idea saying Raiden Network Token is showing signs of accumulation and to watch for a breakout. Here's another alt coin that has a very similar pattern to keep your eye on. Large drop before consolidating within a clearly defined trading range over the last 6 months on increasing volume. Daily likely just set a higher low at $0.042 and entering into a tightening pattern. For more aggressive and longer term investors, it might not be a bad enter to enter a position at current levels which is trading around $0.06. However if you are a conservative trader that trades on a shorter time frame, you might want to wait for the breakout of $0.079 and $0.108 as further confirmation.