On the weekly chart above:
1) RSI has been heavily oversold for quite some time.
2) Bullish divergence as drawn, RSI forming descending wedge.
3) Price has declined over 90% from ATH.
Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!)
Initial targets 41-54 USDT (1.5-1.95x) as marked by fib retracement
Timeframe: Weeks
Leverage: 3x at most for me (although with these signals printing the probability of more downside is very slim)
Hasta luego
1) RSI has been heavily oversold for quite some time.
2) Bullish divergence as drawn, RSI forming descending wedge.
3) Price has declined over 90% from ATH.
Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!)
Initial targets 41-54 USDT (1.5-1.95x) as marked by fib retracement
Timeframe: Weeks
Leverage: 3x at most for me (although with these signals printing the probability of more downside is very slim)
Hasta luego
Comment:
RSI breakout, Bullish engulfing on 5D USDT pair
Comment:
As of right now, 38.5% up since publishing
Trade active:
62% up and counting... Maybe consider taking profit soon.
Trade closed: target reached:
RSI, Bollinger Bands and resistance found on the MA all point to "take profit". WIll update this idea later for re-entry if I find it fitting. But haven't you made enough profit yet??
RSI, Bollinger Bands and resistance found on the MA all point to "take profit". WIll update this idea later for re-entry if I find it fitting. But haven't you made enough profit yet??