BINANCE:OCEANUSDT, 1d
Price is trading above the 200SMA suggesting that the long term trend is intact.
The downward trendline has been broken and has been consolidating for the past two days.
On the 4h, price has formed an imperfect cup and handle with the consolidation being the handle. The MACD line has crossed above the signal line indicating a bullish momentum.
The only downside i see here is the lack of adequate volume on the breakout candle. It still remains interesting to keep an eye on since a break above the consolidation (base or handle) could propel price to higher highs resuming the uptrend.
Breakout traders would put their stop loss (SL) below the consolidation and target the market structure highs.
As always, “anything can happen” so let the market unfold and react accordingly. #DYOR
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在
使用條款閱讀更多資訊。