EthanTW

AVAXUSDT Rising Wedge shows Chance?/Trading Strategy

Viés de alta
EthanTW Atualizado   
BINANCE:AVAXUSDT   AVAX / TetherUS
AVAXUSDT

-
A rising wedge is building since 9/12
Although lots people told rising wedge is bearish flag, I think we could catch chance if made good use of it.
-
Apparently, the bottom of this wedge shows strong support before
Also, price gained support gradually on Fib(0.382) and Fib(0.5), can note there are two lower shadow on Fib(0.5)
Therefore, We could catch its vibration to earn consistently.
Based on the downtrend line was broke out and price has stood firm on Fib(0.618)(Orange arrow)
Trading Strategy as below.
-
For Short-term
Profit Targets:
a) 79.8~83-----Fib(1)~Top of rising wedge
Stop losses:
a) 65.31-----low from two characteristic lower shadow(Orange horizontal line)
Comentário:
Stop losses triggered.
The bottom Uptrend line will be modified later.

🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.