Technical chartists usually say that price action is most important of all the indicators, and with such 4 time upper and lower pattern boundary respecting price moves the price action confirmation is strong. This coupled with the rsi, means there is opportunity for a swing trade with approx 25% upside.
Entry: $55k
Exit: $68k
Trade exit: $47.5k (to avoid major market event caused spikes downwards)
Note: The expected future fed rate cut should cause further buoyancy to price action. Furthermore, market events may cause spikes downwards, thus setting an automatic trade exit at $47.5 would avoid the previous downward spike level of $48 and leave a 1:2 P/L ratio. Therefore, allocating more than a max of 2-4% of a portfolio to this swing trade would not be advisable.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.