Kyber slowly creeping out of the cloud
Hello dear readers,
Here we are looking at Kyber against the Bitcoin on the Daily chart. We are slowly creeping out of the Ichimoku cloud.
We are not out of the woods yet, but as long as we see steady growth of higher high's and higher low's, I am slowly entering into my position.
- From the lows of 0.00001300 untill now, we have already seen a 80% increase.
- From here to the next resistance, is the point of control on the weekly chart, 0.00003500. This means that it is the level at which the most volume is traded.
- The volume is increasing significantly, which we want to see as bullish confirmation.
My entry will be at: 0.00002400
My target will be at: 0.00003500
My stoploss will be at: 0.00002100
For a risk reward ratio of 4:1
Enjoy, Thumbs up if this was helpfull.
Here we are looking at Kyber against the Bitcoin on the Daily chart. We are slowly creeping out of the Ichimoku cloud.
We are not out of the woods yet, but as long as we see steady growth of higher high's and higher low's, I am slowly entering into my position.
- From the lows of 0.00001300 untill now, we have already seen a 80% increase.
- From here to the next resistance, is the point of control on the weekly chart, 0.00003500. This means that it is the level at which the most volume is traded.
- The volume is increasing significantly, which we want to see as bullish confirmation.
My entry will be at: 0.00002400
My target will be at: 0.00003500
My stoploss will be at: 0.00002100
For a risk reward ratio of 4:1
Enjoy, Thumbs up if this was helpfull.
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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.