LUNAUSD - 1D - Potential huge triangle!
NOT A FINANCIAL ADVISOR!
This is a bit speculative as there are not many touchpoints forming this triangle...therefore the title says "Potential..."!
This chart shows 3 price actions ranges!
In terms of risk management, the stop loss would be @ a candle close below the triangle lower trendline (support).
The current downside would be around 80% to the lower price range!
Price action is at the triangle support. (Buy the support!!!)
A move to the upper range would target of a range between 9 - 12$!
Breaking the triangle upwards might mean 35$!
I am not yet seeing a bullish divergence on the RSI nor a RSI break.(both 4h nor 1D)
Therefore this might take some more time to play out. :)
This is a bit speculative as there are not many touchpoints forming this triangle...therefore the title says "Potential..."!
This chart shows 3 price actions ranges!
In terms of risk management, the stop loss would be @ a candle close below the triangle lower trendline (support).
The current downside would be around 80% to the lower price range!
Price action is at the triangle support. (Buy the support!!!)
A move to the upper range would target of a range between 9 - 12$!
Breaking the triangle upwards might mean 35$!
I am not yet seeing a bullish divergence on the RSI nor a RSI break.(both 4h nor 1D)
Therefore this might take some more time to play out. :)
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.