Airswap - The Symmetrical Triangle and How To Trade.
The price is forming The Symmetrical Triangle. Solely relying on this pattern is very unreliable because this pattern is can break either way. So it is important to gather some information before trading this. RSI and MACD are supporting upward movement in 1h and 4h.
The price in 4h is indicating that this is risky trade to take as MACD and RSI ascended so high already. But once breakout upwards occurs this gives extra confirmation that the bulls are in the control. I talked about in my telegram channel about the fundamental parts and what great stuff are still coming for airswap which can support the upward movement.
If the price breaks the support level of this pattern, it might not mean bearish momentum downwards. It is important to test these support levels before claiming it is bearish. Sometimes in this pattern the price likes to get extra thrust from the support levels down below before moving rapidly upwards.
But if the price moves further downwards then it is recommended to remove buy orders and wait for another buying opportunity to occur.
Buy orders should be above 0.000135 level with stop-loss of 0.000103 level. Partial amount of the profit should be taken at 0.000145 & 0.000150 levels (Close to previous ATH) and rest should be left for the longer run.
Feel free to leave your questions down below in the comments!
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat!
The price in 4h is indicating that this is risky trade to take as MACD and RSI ascended so high already. But once breakout upwards occurs this gives extra confirmation that the bulls are in the control. I talked about in my telegram channel about the fundamental parts and what great stuff are still coming for airswap which can support the upward movement.
If the price breaks the support level of this pattern, it might not mean bearish momentum downwards. It is important to test these support levels before claiming it is bearish. Sometimes in this pattern the price likes to get extra thrust from the support levels down below before moving rapidly upwards.
But if the price moves further downwards then it is recommended to remove buy orders and wait for another buying opportunity to occur.
Buy orders should be above 0.000135 level with stop-loss of 0.000103 level. Partial amount of the profit should be taken at 0.000145 & 0.000150 levels (Close to previous ATH) and rest should be left for the longer run.
Feel free to leave your questions down below in the comments!
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat!
Dagangan ditutup: hentian tercapai:
A new triangle formation. False breakout was followed by doji and bearish formation. Which took it to 0.382 fib level. The triangle got bigger now, and it requires patience before able to trade it again.
