IF we breakout to the bottom of the triangle (daily close under the red line) we will be headed for the 200DMA.
The 200DMA is currently just over 7,800 USD. This will provide huge support & a great location for entering a LONG position.
RSI will find support on the lower orange line. Looking for breakout of upper orange line for confirmation of LONG position.
LONG ENTRY- @ 200 DMA
1st TARGET- 16.5K USD
The 200DMA is currently just over 7,800 USD. This will provide huge support & a great location for entering a LONG position.
RSI will find support on the lower orange line. Looking for breakout of upper orange line for confirmation of LONG position.
LONG ENTRY- @ 200 DMA
1st TARGET- 16.5K USD
Note
200 DMA hit perfectly. locked & loaded
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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.