MOVEUSD 12/19/2024
MOVEUSD 1HR Chart Analysis
Overview:
• Listing: Recently added to Coinbase last week.
• Initial Trend: Price immediately entered a downtrend but found a floor by the end of the week.
Pattern Formation:
• After establishing a floor, the price moved sideways, forming an Accumulation Phase.
• Breakout Confirmation:
o Yesterday: A spike in volume led to a breakout from the sideways range, confirming the accumulation phase.
o Today: Price remains above the resistance level it broke out from, pulling back to the 10-day EMA for support.
o The MACD remains above its signal in bullish territory, indicating sustained bullish momentum.
Trade Setup:
• Entry: $0.7272
• Stop-Loss: $0.6530 (-10.20%)
• Target: $1.0233 (+40.72%, 3.99 RR Ratio)
Summary:
MOVEUSD demonstrates strong bullish momentum after breaking out of its accumulation phase. The price's support at the 10-day EMA and the bullish MACD signal offer a favorable opportunity for a long trade setup.
Overview:
• Listing: Recently added to Coinbase last week.
• Initial Trend: Price immediately entered a downtrend but found a floor by the end of the week.
Pattern Formation:
• After establishing a floor, the price moved sideways, forming an Accumulation Phase.
• Breakout Confirmation:
o Yesterday: A spike in volume led to a breakout from the sideways range, confirming the accumulation phase.
o Today: Price remains above the resistance level it broke out from, pulling back to the 10-day EMA for support.
o The MACD remains above its signal in bullish territory, indicating sustained bullish momentum.
Trade Setup:
• Entry: $0.7272
• Stop-Loss: $0.6530 (-10.20%)
• Target: $1.0233 (+40.72%, 3.99 RR Ratio)
Summary:
MOVEUSD demonstrates strong bullish momentum after breaking out of its accumulation phase. The price's support at the 10-day EMA and the bullish MACD signal offer a favorable opportunity for a long trade setup.
Trade fermée: cible de profit atteinte
Target: $1.0233 (+40.72%, 3.99 RR Ratio)
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.