BORA showing a good investment opportunitytoday we have one of the great risk to reward Investment opportunity
it is more than 100 times the risk and the chart is look very promising.
Bora
BORAUSD - Second BottomBORA is currently trending downward but we are looking for a bottom.
I suggest a bottom here along this up channel and double bottom with the curve.
The horizontal line lower is the strong support we are testing.
The upper horizontal is the price target line.
Ascending triangle BORA/BTCAs you can see, we have a huge ascending triangle formed on the BORA/BTC pair.
However, we have some bearish divergence. We need to hold the gold line in order to get above the purple supply zone.
Breaking the purple supply zone would give us a new ATH for this pair.
Bora StrategyOn this strategy,
1 Step. First thing, need to find healthy up or down trend, Any sidewise trend place a rectangle shape of 8pips height.
2 Step: Indicator used on main panel are mcginley 8 and 14. So After avoiding Sidewise Trend. Wait for these two line crossover.
3 Step: RSI indicator need to be set at 50 and remove lower band of RSI. So if the RSI is Just above the 50% line then buy signal and if below 50% then sell. ( Just need to point up or down near 50% line)
4 Step: Setup MACD Indicator. Use with histogram. Default setting. ( For Buy two line must point upward with Bullish Histogram and reversal for sell)
5 Step: Stoch indicator. Again default setting with higher and lower band. If indicator pointing upward then buy confirmation and reverse for sell.
6 Step: SL need to be Just above the mcginley Line crossover. RR 1:2.5 or 1:3RR Minimum otherwise no trade
Any Suggestion welcome
Gautam
BORABTC: buy setup above resistanceHello, wonderful person!
BORA buy setup above resistance
BTCPrice +26%
BTCVol24h +54%
CryptoRatingBot +53%
