Long
keeping an eye on Bread and Butter
Money flow already showing bullish divergence. Though indicators work badly in trending market, I hope for bullish spring.
RSI has already broken through falling wedge and is fully oversold.
Ichicloud acts as strong resistance. Breakthrough the cloud will reinforce bullish signals.
OBV worked well on showing hidden bullish divergence. Potential double bottom forming, still need confirmation.
Stochastic can show us a little about oversold areas.
This is clear inverted wedge with a potential break down. This will depend on bitcoin and etherium. Will keep monitor both.
For long entries, I will place orders near lower trendline of the bearish channel. But I still, think that break above will lead to the consolidation of the price. So I will wait for the break through ichimoku cloud to ride this swings.
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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.