Priceline of RDN / Bitcoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00001617 to 0.00001563
Sell between: 0.00001691 to 0.00001825
Regards,
Atif Akbar...
What is up everyone :)
Leaving here a decent trading idea, with a good balance displaying price action with valid Fibonacci levels. The POC (Point of Control) is just at entry which I expect to be broken with strong momentum (or rejected).
If we break above 1815 - or just in time entry - there's a very high probability of the setup making target. At the same...
Priceline of Raiden Network Token / Bitcoin cryptocurrency formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
We have 200 simple moving average support withing this PRZ area.
I have used Fibonacci sequence to set the targets:
Buy between:...
I usually ignore hidden divergences when a trade setup is good. However, this an interesting exception. The previous swing high that forms the divergence is at a critical S/R level (Red Line). See, I do not draw my S/R lines the traditional way -by looking at price action alone-, I also take into account market volatility. Thus, when the hidden divergence is...
The RDNBTC is moving withing a parallel channel and hits the support of channel.
The stochastic is oversold and MACD has already given weak bullish signals.
The volume profile is showing low interest of traders at this area.
A bullish butterfly pattern is also completed within this channel and the price action is entered in the potential reversal zone of this...
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
#RDN (RDN/BTC)
Buy : 7700-7800
Stop : 6900
BLUE ARROW indicates EXPECTED Time and Targets
Level up Stoploss point to maximize profit and reduce risk
If you need help, contact me
Technical analysis:
. RaidenNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a...
Technical analysis:
. RaidenNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a...
Technical analysis:
. RaidenNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a...
Technical analysis:
. RaidenNetworkToken/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a...
