DOGEBTC close to breakout
Bullish :
- Stoch RSI is looking good
- Triangle is forming and volume is confirming this triangle(declining volume)
- TK cross above the cloud and green cloud is forming
- Fast EMA 50 crossed slow EMA 200
- Same thing what we are seeing now happened around may 2017
Note :
Sadly regular RSI is little oversold so after breakout there is a possibility for somewhat bigger pullback/retest, so don't FOMO.
Strategy :
Buy when triangle breaks out to above and in other to prevent from buying into a fake out.
1. Wait until candle actually closes above triangle.
2. It should have some good volume supporting it.
3. If you want to be really safe maybe start buying when resistance broke 78 sat.
Target :
Not a fan of setting target always come up with your own risk management. But I personally am probably gonna look to sell
around the fib levels 1.618 and 2.618 so this is around 119 sat and 184 sat.
Stop loss :
Again decide for your own on the risk you are willing to take. So here I am not gonna give a opinion.
- Stoch RSI is looking good
- Triangle is forming and volume is confirming this triangle(declining volume)
- TK cross above the cloud and green cloud is forming
- Fast EMA 50 crossed slow EMA 200
- Same thing what we are seeing now happened around may 2017
Note :
Sadly regular RSI is little oversold so after breakout there is a possibility for somewhat bigger pullback/retest, so don't FOMO.
Strategy :
Buy when triangle breaks out to above and in other to prevent from buying into a fake out.
1. Wait until candle actually closes above triangle.
2. It should have some good volume supporting it.
3. If you want to be really safe maybe start buying when resistance broke 78 sat.
Target :
Not a fan of setting target always come up with your own risk management. But I personally am probably gonna look to sell
around the fib levels 1.618 and 2.618 so this is around 119 sat and 184 sat.
Stop loss :
Again decide for your own on the risk you are willing to take. So here I am not gonna give a opinion.
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.