Good day, fellow traders,
Above the weekly chart for Cronos, position wise it looks like a bullish reversal is possible.
Looking at the daily chart we see further signals for a bullish continuation. We had decent sideways consolidation, with MACD and RSI showing plenty of room for upwards pressure.
The current entry is riskier because of the position within the structure, where rejection is always possible. Either wait for a pullback or trade the breakout. Obviously, market maker BTC can influence the momentum.
The fib 1 level of the a,b,c extensions should be the minimal target possibility.
having said that, you never see the order book so always confirm with your own research
Goodluck and have a nice day,
The Donkey:)
Above the weekly chart for Cronos, position wise it looks like a bullish reversal is possible.
Looking at the daily chart we see further signals for a bullish continuation. We had decent sideways consolidation, with MACD and RSI showing plenty of room for upwards pressure.
The current entry is riskier because of the position within the structure, where rejection is always possible. Either wait for a pullback or trade the breakout. Obviously, market maker BTC can influence the momentum.
The fib 1 level of the a,b,c extensions should be the minimal target possibility.
having said that, you never see the order book so always confirm with your own research
Goodluck and have a nice day,
The Donkey:)
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.