In the 3H chart Tenkan Sen crossed above the Kijun Sen, it is a bullish signal. Because, this type of buy signal occurred above the Kumo (cloud) we can be confident that it is a strong bullish signal.
An order should be placed once the cross has been solidified by a close.
Significant levels of support/resistance near the cross are showed in the graph.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
MACD+DI is showing a confirmation of the buy signal (last green point).
The RSI is currently above 50. It is an indication of a bullish market.
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Buy: As explained above. ~ 0.000675
Take-profit: ~ from 0.00085 to 0.000975
Stop-loss: ~ 0.0005863
An order should be placed once the cross has been solidified by a close.
Significant levels of support/resistance near the cross are showed in the graph.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
MACD+DI is showing a confirmation of the buy signal (last green point).
The RSI is currently above 50. It is an indication of a bullish market.
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Buy: As explained above. ~ 0.000675
Take-profit: ~ from 0.00085 to 0.000975
Stop-loss: ~ 0.0005863
Trade active
WAVES is handling the BTC climbing quite well, which is a very good sign and shows that the WAVES support around 0.006640 is really strong.Note
Typeset error!*0.0006640
Trade active
In the 4H chart Tenkan Sen crossed above the Kijun Sen also. Bullish trend confirmed!Note
MACD+DI showing "buy signal" and RSI is in the bullish zone.
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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.