Trade setup: Price is in an Uptrend. It briefly broke above $600, however, it got very overbought (RSI > 80!) and was rejected at that resistance on some profit taking. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break back above $600 to signal continuation of uptrend, with +10% upside potential to $670 next, or 2) pull back near $500 support for another swing trade entry in Uptrend with +20% upside potential back to $600.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance: Nearest Support Zone is $500 (previous resistance), then $400. The nearest Resistance Zone is $600, then $670.
We wait for price to either 1) break back above $600 to signal continuation of uptrend, with +10% upside potential to $670 next, or 2) pull back near $500 support for another swing trade entry in Uptrend with +20% upside potential back to $600.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance: Nearest Support Zone is $500 (previous resistance), then $400. The nearest Resistance Zone is $600, then $670.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.