#PEOPLE
The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.
There is a key support zone in green at 0.00600. The price has bounced from this zone several times and is expected to bounce again.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.00670
Target 1: 0.00689
Target 2: 0.00721
Target 3: 0.00772
Stop Loss: Above the green support zone.
Don't forget one simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.
There is a key support zone in green at 0.00600. The price has bounced from this zone several times and is expected to bounce again.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.00670
Target 1: 0.00689
Target 2: 0.00721
Target 3: 0.00772
Stop Loss: Above the green support zone.
Don't forget one simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
Trade closed: target reached
#PEOPLE
Target 1: 0.00689 Reached
Target 2: 0.00721 Reached
Target 3: 0.00772 Reached
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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.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
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.