CHZ / BTC Showing Bullish Divergence on Weekly Chart
CHZ / BTC Showing Bullish Divergence on Weekly Chart!
There are two possible scenarios:
1. If the long term support line breaks it will be perfect opportunity SHORT. Wait for the break before entering.
2. If we break out of descending triangle (green arrow), it's a sign for LONG. Enter after the breakout, to be safe, or now with SL at 40sats, for higher risk/reward. 🚀
Let me guys know what do you think about this idea?
There are two possible scenarios:
1. If the long term support line breaks it will be perfect opportunity SHORT. Wait for the break before entering.
2. If we break out of descending triangle (green arrow), it's a sign for LONG. Enter after the breakout, to be safe, or now with SL at 40sats, for higher risk/reward. 🚀
Let me guys know what do you think about this idea?
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.