as you can see in the chart currently it's trading inside a huge ascending Triangle, it's safe to risk a small amount here as we are at triangle support which lines up perfectly with the golden pocket of Fibonacci retracement.
Along with it on the smaller timeframe (4h) we are trading inside a falling wedge that can give us a good breakout soon.
Even if we don't break above the resistance line of the triangle I still expect a good 25-30% bounce from 61.8% support
you can also use Leverage on binance futures or Coindcx to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :D
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
Along with it on the smaller timeframe (4h) we are trading inside a falling wedge that can give us a good breakout soon.
Even if we don't break above the resistance line of the triangle I still expect a good 25-30% bounce from 61.8% support
you can also use Leverage on binance futures or Coindcx to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :D
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
Trade active
As expected 61.8% held & we have a successful breakout from the falling wedge, currently, I am expecting a Retest of the falling wedge, possible once again 61.8% level, once we hold that support we can expect higher targets
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Related publications
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.