Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 IDEA has been overall bullish, trading within the rising wedge pattern in orange.
Currently, IDEA is hovering within a narrow range between the lower orange / red trendlines and $0.0065 resistance. 📈Scenario 1: As we approach the $0.0045 support zone, we will be looking for new buy setups to catch the next upward impulse movement.
🏹Scenario 2: For the bulls to regain control from a long-term perspective, a break above $70,000 is needed.
In this case, a movement till the upper orange trendline and $0.01 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
Comment
⋅
Sorry for the typo, I meant $70,000 for BTC, and $0.0065 for IDEA.