=======
Volume
=======
- increasing
==========
Price Action
==========
- Broken out of 10 months trendline and supported on the same trendline
- double bottom with strong gap up
=================
Technical Indicators
=================
- Ichimoku
>>> price above cloud
>>> Red kumo contracting
>>> Tenken [Conv] - Above clouds & pointing up
>>> Chiku [lagging] - Above clouds & pointing up
>>> Kijun [Base] - Above clouds & pointing up
=========
Oscillators
=========
- MACD crossed and bullish
- DMI bullish
- StochRSI, bullish, overbought region
=========
Conclusion
=========
- short to long term breakout swing
- price may reverse at current level, to enter spot or wait for pullback at entry 2.
- Entry and exits depends on your time horizon and risk management.
=========
Positions
=========
Entry 1 - $551
Entry 2 - $530
Stop - $500
Exit 1 - $577
Exit 2 - $595
Exit 3 - $615
Exit 4 - $650
Exit 5 - $680
Exit 5 - $300
Volume
=======
- increasing
==========
Price Action
==========
- Broken out of 10 months trendline and supported on the same trendline
- double bottom with strong gap up
=================
Technical Indicators
=================
- Ichimoku
>>> price above cloud
>>> Red kumo contracting
>>> Tenken [Conv] - Above clouds & pointing up
>>> Chiku [lagging] - Above clouds & pointing up
>>> Kijun [Base] - Above clouds & pointing up
=========
Oscillators
=========
- MACD crossed and bullish
- DMI bullish
- StochRSI, bullish, overbought region
=========
Conclusion
=========
- short to long term breakout swing
- price may reverse at current level, to enter spot or wait for pullback at entry 2.
- Entry and exits depends on your time horizon and risk management.
=========
Positions
=========
Entry 1 - $551
Entry 2 - $530
Stop - $500
Exit 1 - $577
Exit 2 - $595
Exit 3 - $615
Exit 4 - $650
Exit 5 - $680
Exit 5 - $300
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.
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.
