Price is in approaching a squeeze point in what might be a bear pennant
Resistance on 4hr cloud and 1 hr cloud
MACD and RSI showing no signs of bull reversal, MACD histogram showing bearish sentiment
5% stop loss versus 43% gain
Risk/Reward 1:8
Resistance on 4hr cloud and 1 hr cloud
MACD and RSI showing no signs of bull reversal, MACD histogram showing bearish sentiment
5% stop loss versus 43% gain
Risk/Reward 1:8
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.