PIT TRADE SIGNALS
SHORT TERM FORECAST
PIT is both long term and short bullish. After yesterday's short term blast, the PIT 1H chart is now forming an even bigger bullish double bottom pattern. Candles has plunged below the neckline, however, we can see a solid green candle closing above it. This candle has confirmed a possible pattern playout in the next few hours or even days. Double bottom upside target is 0.00000000058.
The KDJ oscillator neutral for now, but a bounce back to 0.00000000054 is highly possible. And if it does, a bullish head and shoulders will form.
If you would like to day trade PIT, the best buy entry is 0.000000000052-54. Take profit at 0.00000000058 or beyond if you're up for a long term hod. 😉
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