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farzadnikzad
Oct 26, 2020 9:30 PM

price in WAVEUSDT is reached to the lower line of channel Long

Waves / TetherUSBinance

Description

as you see in chart, price is ready to go up again and a hidden divergence in MACD could be good signal for us to know that the ascending trend is not over yet!

stop loss: under channel line
first target: the red area in chart or the upper line of the channel

Trade active

just notice that if you are a conservative trader wait for MACD to move up and become positive then after the first positive line in MACD you can open your position safely.

Trade closed: stop reached

unfortunately our stop loss is activated.
as you know due to the the sharp increase in bitcoin price, altcoins are not in a good position for trade and we should accept this risk.
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