EthanTW

XTZUSDT a Descending wedge and time to open!/Trading Strategy

Pembelian
BYBIT:XTZUSDT   XTZUSDT SPOT
XTZUSDT
1H trend chart
In this trading strategy, I'll provide 2 types of open timing for aggressive and conservative traders, respectively.
-
We modify the patter as a descending wedge from a triangle(refer to last analysis)
Price suddenly plunged while ETH falling, but it formed a good wedge.
In the meantime, price hit Vegas tunnel_576ema, and rallied back to 12ema rapidly.
Also, Fib(0.382) showed a strong support for price.
-
So here is our first timing to open position, and trading strategy as below.
-
*Notice the resistance from upper trend line
=>Based on this resistance, conservative trader could wait for the break-out of upper trend line.
-
Profit Targets:
a) 9.166----Fib(1)
b) 10.187~10.599----Fib(1.272~1.382)
c) 12.918-----Fib(2)

Stop losses:
a) 6.847----Red horizontal ray
-
If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!


Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.