Long 1D1 with low conviction [+]
Entry: $0.285
SL: $0.270
Market is forming a possible double bottom reversal pattern.
Only when price surpasses $0.330 will this reversal pattern be confirmed.
$0.330 is also a strong resistance level found twice via:
- Descending trendline resistance
- Double bottom neckline
Should market break above $0.330, we can expect to see price rise towards $0.395 which is both 0.618 retracement level and a probable wave 4 target.
Entry: $0.285
SL: $0.270
Market is forming a possible double bottom reversal pattern.
Only when price surpasses $0.330 will this reversal pattern be confirmed.
$0.330 is also a strong resistance level found twice via:
- Descending trendline resistance
- Double bottom neckline
Should market break above $0.330, we can expect to see price rise towards $0.395 which is both 0.618 retracement level and a probable wave 4 target.
Trade active
Buy Trade was triggeredTrade closed manually
This trade was taking much longer to work out than expected. I closed it earlier.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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.