Hi All,
I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc
MY THOUGHTS:
Structure is likely completing a ascending triangle with 2 touches to the top for the breakout.
Indicators show upward pressure, on the 4 hrly.
8 HRKY looks good on the indicators
Liquidity is OK on Binance, 11 million today.
How to trade this?
I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout.
All the best,
S.SAri
Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper.
Hence better to wait for the break out to a new higher low.
8 HRKY looks good on the indicators
I'm see this pattern a lot with some ALTs and some have already broken out of it, eg. ADA, BLZ, etc
MY THOUGHTS:
Structure is likely completing a ascending triangle with 2 touches to the top for the breakout.
Indicators show upward pressure, on the 4 hrly.
8 HRKY looks good on the indicators
Liquidity is OK on Binance, 11 million today.
How to trade this?
I would go to the lower time frames to see a trend\cradle setup and\or wait for the breakout.
All the best,
S.SAri
Lower time frames - looking for an entrance. Its possible that this bearish div can push it down deeper.
Hence better to wait for the break out to a new higher low.
8 HRKY looks good on the indicators
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.