A8USD Daily Chart Analysis
The chart for A8USD displays a classic bullish reversal pattern, signaling a strong potential for upward movement. Here's the analysis:
Key Observations
1. Pattern Formation:
o Between October and November 2024, price appears to have formed a bottom, creating an inverted head and shoulders pattern.
2. Neckline Breakout:
o At the end of November, price broke through the neckline of the pattern.
o Several consecutive closes above the neckline reinforce the breakout's validity.
3. Volume and Momentum:
o A spike in volume confirms strong participation in the breakout.
o The MACD in bullish territory indicates positive momentum backing the move.
Trade Details
• Position: Long
• Entry: 0.1270
• Stop Loss: 0.1052 (17.21% risk)
• Initial Target: 0.2177 (67.48% potential return)
• Risk-to-Reward Ratio: 3.93
This trade setup offers an excellent risk-to-reward ratio and is supported by a solid technical reversal structure and bullish momentum indicators.
The chart for A8USD displays a classic bullish reversal pattern, signaling a strong potential for upward movement. Here's the analysis:
Key Observations
1. Pattern Formation:
o Between October and November 2024, price appears to have formed a bottom, creating an inverted head and shoulders pattern.
2. Neckline Breakout:
o At the end of November, price broke through the neckline of the pattern.
o Several consecutive closes above the neckline reinforce the breakout's validity.
3. Volume and Momentum:
o A spike in volume confirms strong participation in the breakout.
o The MACD in bullish territory indicates positive momentum backing the move.
Trade Details
• Position: Long
• Entry: 0.1270
• Stop Loss: 0.1052 (17.21% risk)
• Initial Target: 0.2177 (67.48% potential return)
• Risk-to-Reward Ratio: 3.93
This trade setup offers an excellent risk-to-reward ratio and is supported by a solid technical reversal structure and bullish momentum indicators.
Đóng lệnh: đạt mục tiêu
Target: 0.2177 , +67.48%Ghi chú
Took profits at 0.2177.Trade still running. Will trail 10 ema
Ghi chú
its just printing, over 200%!Ghi chú
Exiting trade @ 0.3883, +205.77%, 11.99 RR ratioGhi chú
reentering trade longentry: 0.3797
stoploss: 0.3512, -7.51%
Ghi chú
going to be providing an updated idea for this one. Very underrated coin. sad this doesnt have move views because this is a good one!Ghi chú
update to trade idea
Thông báo miễn trừ trách nhiệm
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.
Thông báo miễn trừ trách nhiệm
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.