Panjang
RNDR: Pullback in Uptrend
Trade setup: Price is in an Uptrend. It broke out of a Channel Down pattern and reached $12.00 for +50% gain. Now we look for an entry in Uptrend. Pullback to $10 support could be a swing trade entry with +20% upside potential to $12.00 again. Stop Loss (SL) level at $9.20.
Pattern: Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend: Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish (MACD Line crossed below MACD Signal Line). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $10.00, then $8.00. Nearest Resistance Zone is $12.00, then $13.80.
Pattern: Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend: Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish (MACD Line crossed below MACD Signal Line). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $10.00, then $8.00. Nearest Resistance Zone is $12.00, then $13.80.
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.