1) RSI has been heavily oversold for quite some time.
2) Bullish divergence as drawn, RSI forming descending wedge.
3) Price has declined over 90% from ATH.
Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!)
Initial targets 41-54 USDT (1.5-1.95x) as marked by fib retracement Timeframe: Weeks Leverage: 3x at most for me (although with these signals printing the probability of more downside is very slim)
Hasta luego
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RSI breakout, Bullish engulfing on 5D USDT pair
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As of right now, 38.5% up since publishing
Сделка активна
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62% up and counting... Maybe consider taking profit soon.
Сделка закрыта: достигнута тейк-профит цена
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RSI, Bollinger Bands and resistance found on the MA all point to "take profit". WIll update this idea later for re-entry if I find it fitting. But haven't you made enough profit yet??