Long
108% return in 1 month by triangle breakout
Left chart:
Point 3: RT crossover happened two days earlier than MACD crossover
Breakout occurs after LH point 4', and had a pullback to $1.55.
The following day showed a confirmation of LONG.
Right chart:
Many sellers took profit near $2.67 as the price range from triangle breakout reached, so the candlestick formed a inverted hammer.
This hammer wasn't strong because the buying volume has been increased day by day.
Use Fib. Ext to project target profit which is near $3.25 (also intersection of resistance trend line)
Point 3: RT crossover happened two days earlier than MACD crossover
Breakout occurs after LH point 4', and had a pullback to $1.55.
The following day showed a confirmation of LONG.
Right chart:
Many sellers took profit near $2.67 as the price range from triangle breakout reached, so the candlestick formed a inverted hammer.
This hammer wasn't strong because the buying volume has been increased day by day.
Use Fib. Ext to project target profit which is near $3.25 (also intersection of resistance trend line)
Trade closed: target reached
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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.