RSI confirms trend continuation upwards. Hidden Bullish Divergence is in act. Buy orders should be set above 40 level to confirm further upward movement. The price is above MA50 line and above our previously formed support level and these are indicating the price wants to move upwards. This is a great opportunity to open long term trades.
Educational Part
In my trading view profile you can find "Divergence Trading Patterns" which explains them a bit. I recommend to check it out! :)
Also if you have any questions related to divergences, please feel free DM me through trading view and I'm gladly going to help you out!
Trading information:
Buy: above 40 level
Profit targets: 51 and 48
Stop-loss: 33.5
Things to remember:
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Educational Part
In my trading view profile you can find "Divergence Trading Patterns" which explains them a bit. I recommend to check it out! :)
Also if you have any questions related to divergences, please feel free DM me through trading view and I'm gladly going to help you out!
Trading information:
Buy: above 40 level
Profit targets: 51 and 48
Stop-loss: 33.5
Things to remember:
- To trade safely we need to use stop losses in case something goes wrong.
- Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
- Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
