#CHESS
The price is moving in an ascending channel on the 1-hour frame, adhering well to it, and heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 0.04580, which represents a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 0.04688
First target: 0.04754
Second target: 0.04840
Third target: 0.04933
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
The price is moving in an ascending channel on the 1-hour frame, adhering well to it, and heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 0.04580, which represents a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 0.04688
First target: 0.04754
Second target: 0.04840
Third target: 0.04933
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.