Explicit cup & handle formation. Playing the dip on handle. Targetting 0.618. Invalidation : 173 sats
Book profits at 600
Hoping for a break of small triangle .. targeting large Triangle.. invalidation point would be break of supporting trendline
Price making HH & HL now. Retested break of recent falling wedge.
In this channel since 2008. After hitting the bottom of this channel, it double the money in 2 years or less. Bullish Divergence is observed as it is approaching the bottom of this channel.
Excellent RR trade opportunity
1.9R Setup - Silver SHORT - Resistance + Price rise with Bearish Divergence
$ETH SHORT Idea - A Daily Close above $128 (0.382 fib) can take the price to 142 (0.618 fib). There SHORTS can be built up between 142 (0.618 fib) & 153 (0.786 fib) with a SL above recent HIGH (shown on chart). This allows an opportunity to join the larger DownTrend. Remember we are still in a own Trend until proven otherwise.
Confluence of 1) Support on left + 2) 0.786 fib + 3) Bullish RSI Divergence Time Frame - 1 Hour Chart Matter of time
HH,HL after RSI Divergence + Good RR
Higher High + Higher low in the making + Good increase in volume. Good RR
Higher High formed. Lower high in the making. Accumulation kinds volume increase. Good RR.
Last drop on Daily chart was on low volume. Bullish Divergence on RSI. Support zone on weekly chart. Good R:R.
At historical Support + Strong Bullish divergence. Good R:R.
Strong Historical Support + Bullish Divergence on RSI on Daily TF. Exceptionally good R:R