Long
WABIBTC LONG - SYMMETRICAL TRIANGLE SET UP FOR REVERSAL
As you can see at the chart, there's a clear symmetrical triangle happening. You need to know that symmetrical is the triangle that most frequently represent reversals. It's true that triangles are usual a continuation pattern, but in this case the TA set up for a reversal is so good:
1.- RSI over 50 and support over there, no bearish signs.
2.- ADX-DI on trendy bullish way, so we need to look RSI
3.- Stoch: Not important for me in this case but also is crossing bullish.
4.- MACD: On bullish side and almost crossing bullish for signal buy.
Green rectangle is my fibonacci + S/R target (should be modified pay attention to indicator alarms)
Support is our triangle always taking into account wicks.
I've got R:R of 3!!!! I can't avoid this trade.
Not advice, just my journey.
Also TAEL (wabi) announcing an agreement with Wakatsuru, a subsidiary coca-cola embotteling business, so can help this movement (although is not a big announcement).
1.- RSI over 50 and support over there, no bearish signs.
2.- ADX-DI on trendy bullish way, so we need to look RSI
3.- Stoch: Not important for me in this case but also is crossing bullish.
4.- MACD: On bullish side and almost crossing bullish for signal buy.
Green rectangle is my fibonacci + S/R target (should be modified pay attention to indicator alarms)
Support is our triangle always taking into account wicks.
I've got R:R of 3!!!! I can't avoid this trade.
Not advice, just my journey.
Also TAEL (wabi) announcing an agreement with Wakatsuru, a subsidiary coca-cola embotteling business, so can help this movement (although is not a big announcement).
Trade active
25% up! Remember always taking profits!
Telegram channel: t.me/estebanHtrad
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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.