Price has been moving inside a multi-year bullish tunnel, price has also broken a minor resistance level of 207$ with a nice bullish engulfing candle with some increase in volume on the last few daily candles.
Analysis HTF - Weekly
execution LTF - Weekly
Candle pattern - Bullish engulfing
Acceleration - Check
Volume - Check
Structure - Check
Moving average - X
Base rate - 70%(to hit stop loss)/30% to succeed
With the acceleration, volume pattern and strong multi year structure I suggest a base rate of 55%/45%(to succeed)
Good luck
Analysis HTF - Weekly
execution LTF - Weekly
Candle pattern - Bullish engulfing
Acceleration - Check
Volume - Check
Structure - Check
Moving average - X
Base rate - 70%(to hit stop loss)/30% to succeed
With the acceleration, volume pattern and strong multi year structure I suggest a base rate of 55%/45%(to succeed)
Good luck
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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.