Yesterday, PIT had a short blast. As the KDJ oscillator has anticipated, candles did went back to 0.00000000054, and even beyond it, it went as far as 0.000000000548. Not much but doableđ.
So what's up with PIT today? Hold up, before we talk about it's short term probabilities, let's have a quick chat about it's long term potentials. So here goes đ
LONG TERM FORECAST
For weeks now, PIT has been falling down, but, all along, it was moving within a bullish falling wedge pattern in the 1D chart.
.... đAnd just today it has finally sealed the deal. It finally broke out of the pattern. A green candle is now hovering above the wedge.đ
The recent development is confirming a possible upside rally in the comming days, or weeks. Falling wedge upside target is generous. It's 0.00000000085. That's more than 60% growth. đ
If you're into breakout trading or would like to trade PIT for long term hold, the best buy entry is 0.00000000052-54 or somewhere near it.
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Chart below đ