- the massive accumulating triangle is crystal clear.
- Triangle base acted twice before as a strong support.
- RSI has just close 1 day ago below 30 level which is positive indicator
- Already 70% down from May cliff. so it should be buy opportunity.
✅ buy: 6-8 ✅
🎯TARGETS:
1- $12.85
2- $16.20
3- $19.10
4- $23.40
5- $28.00
6- $34.00 ( long term)
7- $40.00 ( long term)
💵 Trade Size: 5-10% of Portfolio
🚫Invalidation(SL): daily close below $5.12
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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.
Related publications
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.