RSI and OBV showed good reaction to the bullish trendline. Also, the price formed a descending wedge.
A close above the red line, which is the daily pivot, and also breaking the wedge to the upside would be good signals to enter to this trade.
You can take some profit at WRH level, but I only have one TP around $55
Don't enter to a trade without having these three factors:
๐- ๐๐ง๐ญ๐ซ๐ฒ ๐ญ๐ซ๐ข๐ ๐ ๐๐ซ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฒ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ฒ
๐- ๐๐๐๐ง๐ญ๐ข๐๐ฒ๐ข๐ง๐ ๐ญ๐ก๐ ๐ข๐ง๐ฏ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ฅ๐๐ฏ๐๐ฅ (๐ฌ๐ญ๐จ๐ฉ ๐ฅ๐จ๐ฌ๐ฌ)
๐- ๐๐จ๐ฎ๐ซ ๐๐(๐ฌ)
A close above the red line, which is the daily pivot, and also breaking the wedge to the upside would be good signals to enter to this trade.
You can take some profit at WRH level, but I only have one TP around $55
Don't enter to a trade without having these three factors:
๐- ๐๐ง๐ญ๐ซ๐ฒ ๐ญ๐ซ๐ข๐ ๐ ๐๐ซ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฒ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ฒ
๐- ๐๐๐๐ง๐ญ๐ข๐๐ฒ๐ข๐ง๐ ๐ญ๐ก๐ ๐ข๐ง๐ฏ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ฅ๐๐ฏ๐๐ฅ (๐ฌ๐ญ๐จ๐ฉ ๐ฅ๐จ๐ฌ๐ฌ)
๐- ๐๐จ๐ฎ๐ซ ๐๐(๐ฌ)
Mr. CryptoTracker
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Mr. CryptoTracker
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.