#KDA
The price is moving in a head and shoulders pattern on the 1-hour frame and is expected to break and continue higher.
We have a trend to stabilize above the 100 moving average once again.
We have a bearish trend on the RSI indicator, supporting the upward move with a break above it.
We have a support area at the lower boundary of the head and shoulders at 0.4545, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price higher at 0.4490.
Entry price: 0.4747
First target: 0.4910
Second target: 0.5053
Third target: 0.5247
To manage risk, don't forget stop loss and capital management.
When you reach the first target, save some profits and then change your stop order to an entry order.
For inquiries, please comment.
Thank you.
The price is moving in a head and shoulders pattern on the 1-hour frame and is expected to break and continue higher.
We have a trend to stabilize above the 100 moving average once again.
We have a bearish trend on the RSI indicator, supporting the upward move with a break above it.
We have a support area at the lower boundary of the head and shoulders at 0.4545, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price higher at 0.4490.
Entry price: 0.4747
First target: 0.4910
Second target: 0.5053
Third target: 0.5247
To manage risk, don't forget stop loss and capital management.
When you reach the first target, save some profits and then change your stop order to an entry order.
For inquiries, please 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.