Singkat
RIDE 2/21/2022
No Pimp in this RIDE
It’s been rough for RIDE.
Summer of 2020, RIDE went on a little uptrend that topped out around 30.75.
Sept.2020 price topped out at 30.75 and took a sharp dip to 18.50.
From there, price moved side-ways between Sept. 2020 thru Mar. 2021 when price broke down and entered a Downtrend
As the price continued to move down, we saw a death cross between 50 and 200 ema further confirming the bearish conditions
Price has since been in a downtrend with several pullbacks to enter short.
Currently, price has pulled back in the form of a Bear flag
Price s rejecting the 50ema, 3 days ago we had a spinning top candle stick at resistance and the next day candle broke below it.
The next day candlestick was a inverted hammer also at resistance. .
This is my cue to enter
Entering trade short
Entry: 3.17
Stop loss: 3.58
Target 2.29 – 27.76% RR ratio 2.15
It’s been rough for RIDE.
Summer of 2020, RIDE went on a little uptrend that topped out around 30.75.
Sept.2020 price topped out at 30.75 and took a sharp dip to 18.50.
From there, price moved side-ways between Sept. 2020 thru Mar. 2021 when price broke down and entered a Downtrend
As the price continued to move down, we saw a death cross between 50 and 200 ema further confirming the bearish conditions
Price has since been in a downtrend with several pullbacks to enter short.
Currently, price has pulled back in the form of a Bear flag
Price s rejecting the 50ema, 3 days ago we had a spinning top candle stick at resistance and the next day candle broke below it.
The next day candlestick was a inverted hammer also at resistance. .
This is my cue to enter
Entering trade short
Entry: 3.17
Stop loss: 3.58
Target 2.29 – 27.76% RR ratio 2.15
Dagangan ditutup: sasaran tercapai
Exit: 2.29 – +27.76% RR ratio 2.15
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.