added on 06 February
: Narrowing triangle pattern, breakout is imminent
: Tenkan-sen above Kijun-sen above cloud
: Flatten and downward leaning ADX and RSI
: ADX at 12.5 indicating sideways market
: RSI at 49.5 choppy on direction
: Senkou Span A crossing Leading Span B temporarily. (less significant)
Ichimoku Clouds is redundant as it is moving into more flatten latitude. The slumpping momentum is directing a berish bias trade. I used it just as reference on the on goin trend.
: Looking at the full candlestick form outside of the triangle channel.
: Observe the RSI and its divergence.
The market looks choppy and hardly a great set up to trade. But the break away from the triangle present a good opportunity to hook on the swing. The buildup is similar to my previous trade setup on the same MaidSafeCoin on January 25. I didn’t manage to publish that post as the setup was progressed quicker than i thought. This time, the breakup could take up to 24 hours to played out.