ARPA/BTC - 2020.Feb.03 - Broadening wedge
LT showing a potential declining broadening wedge.
MT showing a potential IHS with upward neckline
Price currently near S-level so will enter here. Will also consider an entry at next S-level for better R/R.
Current R/R about 1.8x assuming no breakout (price stops at wedge top-end). Will set TTP with 3-5% trail.
Lower R/R about 3-5x assuming exit at top-end of wedge, again no breakout. Will set TTP with 5% trail.
LT POV:
MT showing a potential IHS with upward neckline
Price currently near S-level so will enter here. Will also consider an entry at next S-level for better R/R.
Current R/R about 1.8x assuming no breakout (price stops at wedge top-end). Will set TTP with 3-5% trail.
Lower R/R about 3-5x assuming exit at top-end of wedge, again no breakout. Will set TTP with 5% trail.
LT POV:
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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.