New week new TAs... well almost a new week :). However, we are looking 1hour chart.
First, our target is 0.77$ on our way there we will face resistance in few spots. The first one is at 0.64 where we are at the moment, we need to break this if we will see more gains, the next one is at 0.71$ but if we can pass it we don't have resistance on our way from 0.71$ to 0.77$ At 0.77 we have also another resistance level which we need to break on our way to T2 which is at 0.98$ which is also almost all-time high. T3 is at 1.187$ but I am not saying we are going to reach it (soon).
On a short-term, we should look if we can break 0.66 or if we fall below 0.56$ might mean that surging is slowing or we are going to experience a bigger dip which might also be a good buying opportunity if we don't fall below 0.43$
I hope you like this and before you do anything I want to say I am not a professional trader, I might be wrong and this isn't financial advice.
However, if you still use these technical analyses for trading I recommend using stop loss.
Comments and feedback are greatly appreciated, I will read and answer every comment because they are important for me :)
First, our target is 0.77$ on our way there we will face resistance in few spots. The first one is at 0.64 where we are at the moment, we need to break this if we will see more gains, the next one is at 0.71$ but if we can pass it we don't have resistance on our way from 0.71$ to 0.77$ At 0.77 we have also another resistance level which we need to break on our way to T2 which is at 0.98$ which is also almost all-time high. T3 is at 1.187$ but I am not saying we are going to reach it (soon).
On a short-term, we should look if we can break 0.66 or if we fall below 0.56$ might mean that surging is slowing or we are going to experience a bigger dip which might also be a good buying opportunity if we don't fall below 0.43$
I hope you like this and before you do anything I want to say I am not a professional trader, I might be wrong and this isn't financial advice.
However, if you still use these technical analyses for trading I recommend using stop loss.
Comments and feedback are greatly appreciated, I will read and answer every comment because they are important for me :)
Comment:
The stop is at 0.54$ and if we get few likes I will continue to update this :)
Comment:
Trend channel support confirmed
Comment:
Trend channel support is broken, at Binance the price still stays above 0.62$
Trade closed: stop reached:
Thank for support. New TA coming soon