Two possible long entry options for Helium
Updated
This beautifully symmetric waves inside an ascending triangle / narrowing channel are quite promising, and if this setup plays out, we could have here two nice entry options for long, either in A or in B just in case you want to wait for an upwards breakout & confirmation.
We have to be aware that both RSI and MACD are showing bearish divergence though, so we have to have that in mind before going in for the trade. If price gets to A, I would check if RSI divergence has been voided by then, because a downwards breakout is possible hence ruining our long stance if confirmed.
Anyway I will have this on my watchlist over the next 48h to see how it goes.
We have to be aware that both RSI and MACD are showing bearish divergence though, so we have to have that in mind before going in for the trade. If price gets to A, I would check if RSI divergence has been voided by then, because a downwards breakout is possible hence ruining our long stance if confirmed.
Anyway I will have this on my watchlist over the next 48h to see how it goes.
Note
Price reached A zone and went up towards B but found some rejection and pullback near the top line. If you went long at A, maybe you've already sold and taken some nice 8% to 8.5% profit.Let's see if it manages to break up into B!
Order cancelled
In the end, the bearish divergence I pointed out in my comment ended in a downward breakout, ending the chance for a long at B at the moment. Still profitable if you went long at A and took profit before it went down.
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