Chartformation: Trading Range
Entry: 11.22$
Stop: 10.33$
Target: 12.40$-13.10$
Risk/Reward-Ratio: > 1:1
Descripton: The price is in a range since the end of October 2020. RSI-values below 40 generated valid buy-signals in the recent past. Otherwise a price above 11.22$ which would confirm the hammer-candle can be used as a entrypoint.
HBD could start to form on the Daily and 4hr MACD and RSI
Falling wedge, adding at the support of the wedge
Stop loss just below horizontal support
1st target is $13.01 at support and second target is the gap fill @ $16.78
(I would probably wait a bit longer for the HBD divergence to develop more)
