Tools used: Fibonacci retracement/speed fan/channel
RSI: val. 14 on the left, 28 on the right
It's a rather shallow cup but interesting to watch how it plays out anyways.
Entry: about now, or when the value goes past the cup (right when it breaks out to be safe). It will be considered a failed cnh formation if we hit more than 50% retracement on the cup.
Exit: stop loss at 50% retracement on the cup, or if BTCUSD is doing you dirty, or at around 3470 sats. I would keep maybe 10-25% of the coins if it does actually break out to thsi region, as the cup is very shallow.
I wouldn't put too much stock into this, but definitely a good one to keep the eye on.
RSI: val. 14 on the left, 28 on the right
It's a rather shallow cup but interesting to watch how it plays out anyways.
Entry: about now, or when the value goes past the cup (right when it breaks out to be safe). It will be considered a failed cnh formation if we hit more than 50% retracement on the cup.
Exit: stop loss at 50% retracement on the cup, or if BTCUSD is doing you dirty, or at around 3470 sats. I would keep maybe 10-25% of the coins if it does actually break out to thsi region, as the cup is very shallow.
I wouldn't put too much stock into this, but definitely a good one to keep the eye on.
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)