๐ข TRADING SIGNAL: $LA / $USDT
๐ข Direction: LONG
๐ Confidence: 76.4%
๐ Technical analysis:
The technical structure indicates a clear bullish trend as the price is above the upper Bollinger band by 0.0726, supported by a significant breakout volume. The RSI is at 71.38, while the MACD confirms the momentum with a bullish crossover at 0.0027 versus a signal of 0.0026. In addition, the EMA20 position at 0.067 above the EMA50 at 0.0626 validates the strength of the double-bottom pattern recently formed.
๐ฏ Trading levels:
๐ข Entry: $0.074200
๐ Stop Loss: $0.068950
๐ TP1: $0.077700
๐ TP2: $0.081200
๐ TP3: $0.084700
โ๏ธ Risk/Reward Ratio: 1:0.67
โฑ๏ธ Timeframe: 1H
The confirmation of the double-bottom pattern along with the bullish MACD crossover suggests that the asset has the momentum to test higher levels despite being overbought.
#crypto #LA #trading
๐ข Direction: LONG
๐ Confidence: 76.4%
๐ Technical analysis:
The technical structure indicates a clear bullish trend as the price is above the upper Bollinger band by 0.0726, supported by a significant breakout volume. The RSI is at 71.38, while the MACD confirms the momentum with a bullish crossover at 0.0027 versus a signal of 0.0026. In addition, the EMA20 position at 0.067 above the EMA50 at 0.0626 validates the strength of the double-bottom pattern recently formed.
๐ฏ Trading levels:
๐ข Entry: $0.074200
๐ Stop Loss: $0.068950
๐ TP1: $0.077700
๐ TP2: $0.081200
๐ TP3: $0.084700
โ๏ธ Risk/Reward Ratio: 1:0.67
โฑ๏ธ Timeframe: 1H
The confirmation of the double-bottom pattern along with the bullish MACD crossover suggests that the asset has the momentum to test higher levels despite being overbought.
#crypto #LA #trading