Long
WAGYUSWAP ON ITS WAY TO GLORY - PATIENCE AND CORRELATED W. VELAS
Chart Pattern
Symmetrical Triangle: The chart highlights a symmetrical triangle trading pattern, indicating a period of consolidation where the price is forming higher lows and lower highs. This pattern often leads to a breakout in either direction, depending on momentum and volume.
Key Levels
Support Levels:
$0.0010266 (major support)
$0.0013976 (current consolidation support within the triangle)
Resistance Levels:
$0.0015419 (initial breakout target post-triangle)
$0.0020756 (major resistance)
Indicators
Volume (Vol): The declining volume suggests the market is awaiting a significant breakout. Watch for volume spikes, as they often confirm the direction of the breakout.
MACD and Stochastic Oscillator: These indicators suggest a potential bullish reversal
Stochastic (41.16): Moving out of oversold territory, signaling bullish momentum.
MACD Divergences: The chart suggests positive divergence, with momentum building for upward movement.
Sentiment
The overall sentiment aligns with a bullish scenario due to the compressed price action nearing the apex of the symmetrical triangle.
Trading Plan for WAGYU/USDT
Step 1: Entry Plan
IMMEDIATELY
Step 2: Exit plan
When you feel like it has already done everything for this bull run.
Symmetrical Triangle: The chart highlights a symmetrical triangle trading pattern, indicating a period of consolidation where the price is forming higher lows and lower highs. This pattern often leads to a breakout in either direction, depending on momentum and volume.
Key Levels
Support Levels:
$0.0010266 (major support)
$0.0013976 (current consolidation support within the triangle)
Resistance Levels:
$0.0015419 (initial breakout target post-triangle)
$0.0020756 (major resistance)
Indicators
Volume (Vol): The declining volume suggests the market is awaiting a significant breakout. Watch for volume spikes, as they often confirm the direction of the breakout.
MACD and Stochastic Oscillator: These indicators suggest a potential bullish reversal
Stochastic (41.16): Moving out of oversold territory, signaling bullish momentum.
MACD Divergences: The chart suggests positive divergence, with momentum building for upward movement.
Sentiment
The overall sentiment aligns with a bullish scenario due to the compressed price action nearing the apex of the symmetrical triangle.
Trading Plan for WAGYU/USDT
Step 1: Entry Plan
IMMEDIATELY
Step 2: Exit plan
When you feel like it has already done everything for this bull run.
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.