~ AAVE shows a possible bounce on a 127 price on its.618 in fibbonacci and shows a strong support
~ A Bullish Convergence on a 30 mins tf, but as you cans see when you zoom out the chart on a daily tf you can find that there was a huge righthand there so there is a lot of potential for this coin to go up and when it breaks out this can give a massive gains
~ RSI is on a oversold area @ RSI 39 in an hourly tf
~ MACD is also agreeing with a bullish cross
~ Our take profit area would be in 140.8 price level and a stop loss in 123.35 with a risk to reward ratio at 1:2
~ A Bullish Convergence on a 30 mins tf, but as you cans see when you zoom out the chart on a daily tf you can find that there was a huge righthand there so there is a lot of potential for this coin to go up and when it breaks out this can give a massive gains
~ RSI is on a oversold area @ RSI 39 in an hourly tf
~ MACD is also agreeing with a bullish cross
~ Our take profit area would be in 140.8 price level and a stop loss in 123.35 with a risk to reward ratio at 1:2
Trade closed: stop reached
Our stop loss in this trade hit and our bullish convergence did not execute yet but soon, we will still monitor the next move of this coin.
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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.