Long
Updated

Looks Like a Very Good Chance for REPUSD to Make a Breakout...

196
... within the next 7 days. Am I for certain on this one? No, but that's what a stop loss is for. No risk = no reward.
Note
We are looking at a "potential" 40+ percent return here if one were to buy at current price of $5.14

snapshot
Note
40+ percent if entry at $5.14 and sell at $7.50
Note
Simply posting the Weekly TF in case some want to see it. The previous charts were Daily TF.

snapshot
Note
We are definitely going to test $5.35 again very soon in my opinion. I have drawn the red scribble line again in the 4h TF to give a picture of how this can possibly play out.

snapshot
Note
I changed the color of the red scribble to yellow and added a yellow dotted horizontal ray to mark where I actually had stop loss set for $4.86974. Came close but not stopped out. I have since, lowered my stop loss just a bit more [Not saying to what] cause I believe this has the potential to rally.

snapshot

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.