MID-TERM:
-Cup and handle
-Ascending Triangle
-4hr Classic Bullish Divergence on MACD
-RSI breaking trendline
-Daily Bullish Engulfing Candle
entry: honestly not super tactical, banking on the 4hr divergence to help it break the handle
Target: Targeting $69k which jusr is under the psychological resistance of 70k, the measured move of the cup/handle, and the 1.618 fib extension from all time high to 3/25/21 low
Stop loss: under 3/28/21 lows
***All of this includes risk, this is not financial advice, just a chart idea.
-Cup and handle
-Ascending Triangle
-4hr Classic Bullish Divergence on MACD
-RSI breaking trendline
-Daily Bullish Engulfing Candle
entry: honestly not super tactical, banking on the 4hr divergence to help it break the handle
Target: Targeting $69k which jusr is under the psychological resistance of 70k, the measured move of the cup/handle, and the 1.618 fib extension from all time high to 3/25/21 low
Stop loss: under 3/28/21 lows
***All of this includes risk, this is not financial advice, just a chart idea.
Not financial advice, just ideas. The stop losses and targets I show are based on resistances, supports, measured moves, gap fills, and fibonacci, they are optimal but VERY subjective.