Long
Bluzelle bottoming out. Divergence with missing right shoulder.
Target needs to be defined, but the Bluzelle daily chart shows we bottomed out and altough we traced lower prices, MACD-H and EFI traced much higher lows.
The MACD-H even did not show it's right shoulder and possibly this could change the direction upward for a long time.
As always, it also depends on futher BTC movements.
The previous resistance and support line could be a good point to take profit, but for me targets aren't fixed and
it depends on further developments to see if we get out or reenter a new trade after breaking resistance.
Price target 1576
Entry: 1180-1200
SL: 1033
R/R: 1:2.45
The MACD-H even did not show it's right shoulder and possibly this could change the direction upward for a long time.
As always, it also depends on futher BTC movements.
The previous resistance and support line could be a good point to take profit, but for me targets aren't fixed and
it depends on further developments to see if we get out or reenter a new trade after breaking resistance.
Price target 1576
Entry: 1180-1200
SL: 1033
R/R: 1:2.45
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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.