Pros
Cons
Strategy
- H&S pattern confirmed
- The last 3 lows are rising
- No divergences and uptrend on RSI.
- Searching for 38.2/50% correction of the last bearish wave.
Cons
- Countertrend
Strategy
- Buy a half when the H&S are completed, and the other half if there is a pullback.
- 2 projections, the downchannel and the H&S. I think the projection channel is too aggresive.
Trade closed: stop reached
The ripple has the same structure and it's still valid. But it's too correlated with bitcoin.
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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.