Long
Potential entry point in NEXO/ETH
I've tried to chart this as simple as possible.
Weekly:
Daily:
12H:
4H:
OUTCOME:
With a RR of 1.84 a potential profit of 7.7%
Weekly:
- Holding support level
- Seems like a pullback from strong ascending weekly trend
- MACD positive turning down
- HIgh OBV
Daily:
- High OBV
- Stochastic RSI in oversold zone
- SMA 50 above SMA 200 positive signal
12H:
- Holding SMA 200
4H:
- Stochastic RSI turning overbought
- Trades within a describe range
OUTCOME:
With a RR of 1.84 a potential profit of 7.7%
Note
Weekly: OrangeDaily: Green
4H: Fiusca/Purple
Note
A better scale of the chartNote
And it's gone ...
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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.