Similar setup to DIA trade of recent, an easy 30% move to the upside and will probably happen soon. The inverse head and shoulders embedded in the classic ‘W’ shape formation we see in price action on the above 1-day chart during a consolidation period is one of my favorite risk / reward plays. Very little downside risk from here.
In addition to the price action pattern, RSI is 50+ with higher lows in Stochastic RSI. Furthermore price action confirms support on the 21-day moving average (where breakout is written).
In addition to the price action pattern, RSI is 50+ with higher lows in Stochastic RSI. Furthermore price action confirms support on the 21-day moving average (where breakout is written).
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.