MACD looks like it will crossover very soon. Trading price is also below the 200 day moving average. Strong indicators there is likely to be a reversal soon. Combined with the other two recent analysis done, all three have strong indications for an upcoming reversal.
Additionally at the current price of around $875, Other various strong indicators suggest a $1350 price target fairly soon. Entering now with a stop loss at $757 and a profit goal of $1350 would yield a 1:4 risk reward ratio. Which is a fairly healthy stop loss in the situation, as it is rooted in the secondary support level.
Now we have an Andrews pitchfork analysis predicting a reversal
A Bullish Pennant predicting a reversal
And now a MACD crossover seeming to predict a reversal.
This is not investment advice, make your own assessments and measure the risk involved. Manage your money well and good luck to you all!
I am going long.
Additionally at the current price of around $875, Other various strong indicators suggest a $1350 price target fairly soon. Entering now with a stop loss at $757 and a profit goal of $1350 would yield a 1:4 risk reward ratio. Which is a fairly healthy stop loss in the situation, as it is rooted in the secondary support level.
Now we have an Andrews pitchfork analysis predicting a reversal
A Bullish Pennant predicting a reversal
And now a MACD crossover seeming to predict a reversal.
This is not investment advice, make your own assessments and measure the risk involved. Manage your money well and good luck to you all!
I am going long.
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.