As you can see from the chart, it formed a double bottom on the weekly support and is moving upwards. RSI shows bullish and the KDJ indicator is also showing upwards trend. Targets are marked on the chart. Not a financial advice. DYOR before trading.
Price action and chart pattern trading setup
> Inverted head & shoulders trend reversal pattern
> Support Neckline 1st entry at breakout and 2nd entry at pullback
> 1st target at SMA50 as key resistance
> 2nd target at SMA200 or volume profile point of control
> Stoploss at near lowest inverted head position
> risk ratio : 2:1 is recommended for medium term...
Price Action and chart pattern trading setup
> Sideway uptrend PARALLEL CHANNEL with key resistance SMA400 and SMA200
Indicator:
> Smart Money Volume Spike at pivot point
> Banker Fundflow RSI strong uptrend above 50.
> BBD bullish signal crossing up baseline.
> KDJ STO bullish signal crossing up 30.
Always trade with affordable risk and respect your stoploss
andicatori
stoch+rsi shown over sold in 1d timeframe
kdj break red square and this mean became in green square and buy in 1d timeframe
macd is in oversold possitin in 1d time frame
that means Tomorrow must have green candle if if if btc let
KUCOIN:SHIBUSDT
left panel is 1 day timeframe with my customed kdj indicator 41-31, on right side si 1 week timeframe with original kdj 9-3.
Both we are oversold and waiting the next bullish momentum
After Bullshit Elon Musk drop, the chart say: where are in OVER SOLD field on KDJ Indicator 1 day chart.
Next days i'm sure that will be a huge green candle spyke.
Probably will be some resistence at 53-54k$
As indicated by vertical line on indicator KDJ
the K or base stochastic is printing a higher low and
and is expanding from a point where the 3 lines have touched
I had a long position that closed in loss and now open long 110% the size of previous position
Remember the overall trend is bulish this is just a normal pullback for btc
set stop limit at 15900 for...
