#BSW/USDT How Long Will It Take For A $ 0.01331Target?#BSW
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 0.00981, representing a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 0.01075
First target: 0.01153
Second target: 0.01229
Third target: 0.01331
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
Bswusdlong
#BSW/USDT is bullish engulfing and also took ?#BSW
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward break.
We have a support area at the lower boundary of the channel at 0.02040, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price upward at 0.01975.
Entry price: 0.02325
First target: 0.02450
Second target: 0.02641
Third target: 0.02873
To manage risk, don't forget stop loss and capital management.
When you reach the first target, save some profits and then change the stop order to an entry order.
For inquiries, please comment.
Thank you.
BSWUSDT: Elliott Waves Intraday TradingTrade plan for BSWUSDT from my basket of investment decisions.
On BSWUSDT, a correction has been formed in the assumed wave 4 and momentum has already started to form in wave 1 of wave 5 (in wave C of wave 4).
I have already opened a long position and plan to increase volume in case of further growth.
All in all, the current situation allows me to plan an excellent trade with a risk to profit ratio of 1:5.
In case of successful development of the situation and completion of wave 5 above $0.42 level I plan to look for the point to open a short position with the purpose to gain profit in case of price decrease to $0.22 level.
Best Regards,
CEO Tornado Capital