This coin has been analysed in 1D and 1H time frames. 1D time frame helped in determining the trend and key resistance and support levels where as 1H time frame provided an opportunity of trade in the direction of the trend. I have also used FIB to check the pullback from a downward trend because the RSI is showing a loss of momentum in upward trend. The chart may test the 0.618 level of FIB and continue the downward trend.
The Signal is:
EP: 64.15
SL: 66.91:
TP: 61.39
RR: 0.5%
The Signal is:
EP: 64.15
SL: 66.91:
TP: 61.39
RR: 0.5%
Note
The order type remained same but now there is a bearish divergence and the signal has changed as well.The Signal is:
EP: 66.82
SL: 67.94
TP: 65.70
RR: 0.5%
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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.