UsmanFarouk
@t_UsmanFarouk
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UsmanFarouk
TIAUSDT has been in downtrend on 4H and 1H timeframes. However it has broken the trendlines upwards alongwith making a bullish divergence on RSI on the 1H timeframe. Considering the existing levels of price, it is still within resistance zone (R1). Upon upward break of R1, a long entry shall be triggered riding the wave upto R2. Long position with RRR of 1:1 has been marked on chart. Good luck.
UsmanFarouk
ETHUSD was in uptrend as it was printing HHs and HLs on 1H timeframe. However, it has just formed a double top reversal chart pattern along with making a bearish divergence on RSI. In line with the rules of trading the pattern, SL has been placed above the pattern, establishing short entry at break of neckline. TP1 has been placed at 1:1 RRR.
UsmanFarouk
BNBUSDT is presently in downtrend as it is printing LHs and LLs on 1D timeframe. However, bullish divergence has been observed on RSI on same timeframe and it is also noticed that the coin has been unable to break its last LL as of today. Both the conditions are indicating towards a possible bullish reversal. Therefore a long entry upon break of price above previous LH has been marked on chart with suitable TP and SL @ 1:1 RRR.
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