Cardano / Binance Coin: Bullish Flag Pattern Formation
Balance Of Power Between Bulls and Bears:
Price is currently forming a bullish chart pattern and bears seems to be running out of steam,
MACD histogram is currently below the center line and ticking up - this signifies that bears are running out of power.
Entry Game plan:
We can wait for price to break above 0.0050 SAT and carefully observe the strength of the bulls around that price before we place a limit buy order at 0.0052 SAT.
Exit Game plan:
Depending on our risk appetite, we can place a stop-loss within the flag at 0.0040 or 0.0035.
Expectancy:
Potential profit from TP1 is 27%; second profit target TP2 from the entry point is 76%
Risk/Reward Ratio: 2.64
Price is currently forming a bullish chart pattern and bears seems to be running out of steam,
MACD histogram is currently below the center line and ticking up - this signifies that bears are running out of power.
Entry Game plan:
We can wait for price to break above 0.0050 SAT and carefully observe the strength of the bulls around that price before we place a limit buy order at 0.0052 SAT.
Exit Game plan:
Depending on our risk appetite, we can place a stop-loss within the flag at 0.0040 or 0.0035.
Expectancy:
Potential profit from TP1 is 27%; second profit target TP2 from the entry point is 76%
Risk/Reward Ratio: 2.64
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.