Long
AST/BTC
Alts are looking good so here we go!
AST made a big run and is cooling off, forming a falling wedge pattern on the 3 and 4 hour. Falling wedge on the RSI has already broken and is retesting, with a bullish divergence forming in the process. I suspect that this will break to the upside.
Good place to buy would be now at the bottom of the wedge. Safer place to buy would be a breakout to the upside and retest of the wedge. Target 1 around 670s and target 2 around 740s.
Stop loss would be a close below the horizontal support I have indicated (around 510) and/or a break to the downside on the falling wedge.
AST made a big run and is cooling off, forming a falling wedge pattern on the 3 and 4 hour. Falling wedge on the RSI has already broken and is retesting, with a bullish divergence forming in the process. I suspect that this will break to the upside.
Good place to buy would be now at the bottom of the wedge. Safer place to buy would be a breakout to the upside and retest of the wedge. Target 1 around 670s and target 2 around 740s.
Stop loss would be a close below the horizontal support I have indicated (around 510) and/or a break to the downside on the falling wedge.
Trade active
Still looking good for some continuation, Alt bounces across the board and I expect this one to participateTrade active
Blew my target out of the water, sitting on support for now. Holding.Trade closed manually
Guess who sold too early :P
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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.