Trade position: long
Entry I: $ 28547.39, entry II: $24916.06
Target I: $ 35810.04, target II: $ 40997.64, target III: 49816.58
RSI: 37.12 close to <30
The downtrend is represented by the red trendline on the chart. The analysis shows the price reached the lower boundary of the Keltner channel, but not its upper boundary. Recently, MACD indicates a bearish confirmation, following the signal line exceeded the MACD line. Moreover, the RSI value is close to 30, meaning the price is approaching an oversold level. All these indicators suggest a good entry point for the long position.
Entry I: $ 28547.39, entry II: $24916.06
Target I: $ 35810.04, target II: $ 40997.64, target III: 49816.58
RSI: 37.12 close to <30
The downtrend is represented by the red trendline on the chart. The analysis shows the price reached the lower boundary of the Keltner channel, but not its upper boundary. Recently, MACD indicates a bearish confirmation, following the signal line exceeded the MACD line. Moreover, the RSI value is close to 30, meaning the price is approaching an oversold level. All these indicators suggest a good entry point for the long position.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.