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.
Dagangan ditutup: sasaran tercapai
Target: 0.2177 , +67.48%Nota
Took profits at 0.2177.Trade still running. Will trail 10 ema
Nota
its just printing, over 200%!Nota
Exiting trade @ 0.3883, +205.77%, 11.99 RR ratioNota
reentering trade longentry: 0.3797
stoploss: 0.3512, -7.51%
Nota
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!Nota
update to trade idea
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.