General pattern: Ascending triangle
Reason for long: Bounce from support (to the resistance of general pattern).
Chart details:
Red rays: resistances
Yellow rays; play as both support and resistance
Green: support
To be safe, I'd set two targets.
Target 1: 0.022785
Target 2: 0.023854
Stop-loss: 0.020663
Do your own research, and only use my analysis as support to yours.
Reason for long: Bounce from support (to the resistance of general pattern).
Chart details:
Red rays: resistances
Yellow rays; play as both support and resistance
Green: support
To be safe, I'd set two targets.
Target 1: 0.022785
Target 2: 0.023854
Stop-loss: 0.020663
Do your own research, and only use my analysis as support to yours.
Comentarios:
Stop loss has been hit. The first resistance (around target 1) was too strong to break. Numerous attempts, but lots of rejection. There was a big unexpected dump that happened in a matter of seconds.
(Btw, this is my first post on trading view, I'll work on making it more clear – removing the indicators that are unnecessary: RSI and MACD in this case).