Priceline of RDN / Bitcoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 0.00001617 to 0.00001563 Sell between: 0.00001691 to 0.00001825 Regards, Atif Akbar...
I usually ignore hidden divergences when a trade setup is good. However, this an interesting exception. The previous swing high that forms the divergence is at a critical S/R level (Red Line). See, I do not draw my S/R lines the traditional way -by looking at price action alone-, I also take into account market volatility. Thus, when the hidden divergence is...
The RDNBTC is moving withing a parallel channel and hits the support of channel. The stochastic is oversold and MACD has already given weak bullish signals. The volume profile is showing low interest of traders at this area. A bullish butterfly pattern is also completed within this channel and the price action is entered in the potential reversal zone of this...
If RDN falls down from 2300sts, what we can do is waiting for the range of 1690-1930 to accumulate. And target is at least 2550