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Nano/BTC - Long setup minimal risk

Hi!
Nano shows us some good trading opportunities.
While Bitcoin is piling to the next highs. The altcoins seem to be looking for a good breather, on the daily chart, analyzing the RSI indicator it is possible to notice that the Nano made a low while the RSI indicates a bullish divergence.
Based on this information, a reversal can be considered. In the 4hrs chart, we can see the resistance of the Downtrend Lines in red, the first being supported by a large accumulation in rectangle. If Elliot waves are legitimate as shown in the chart, a possible test on the second Downtrend Line may be possible, with a target measured at 0.0001371.
Every trade requires stop loss, my stop is indicated on the chart for this trade.
Nano shows us some good trading opportunities.
While Bitcoin is piling to the next highs. The altcoins seem to be looking for a good breather, on the daily chart, analyzing the RSI indicator it is possible to notice that the Nano made a low while the RSI indicates a bullish divergence.
Based on this information, a reversal can be considered. In the 4hrs chart, we can see the resistance of the Downtrend Lines in red, the first being supported by a large accumulation in rectangle. If Elliot waves are legitimate as shown in the chart, a possible test on the second Downtrend Line may be possible, with a target measured at 0.0001371.
Every trade requires stop loss, my stop is indicated on the chart for this trade.
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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.