Bluzelle bottoming out. Divergence with missing right shoulder.
Target needs to be defined, but the Bluzelle daily chart shows we bottomed out and altough we traced lower prices, MACD-H and EFI traced much higher lows.
The MACD-H even did not show it's right shoulder and possibly this could change the direction upward for a long time.
As always, it also depends on futher BTC movements.
The previous resistance and support line could be a good point to take profit, but for me targets aren't fixed and
it depends on further developments to see if we get out or reenter a new trade after breaking resistance.
Price target 1576
Entry: 1180-1200
SL: 1033
R/R: 1:2.45
The MACD-H even did not show it's right shoulder and possibly this could change the direction upward for a long time.
As always, it also depends on futher BTC movements.
The previous resistance and support line could be a good point to take profit, but for me targets aren't fixed and
it depends on further developments to see if we get out or reenter a new trade after breaking resistance.
Price target 1576
Entry: 1180-1200
SL: 1033
R/R: 1:2.45