AAVE Bullish Divergence on Weekly

Weekly:
There is a bullish div on the weekly, MACD-H and EFI are diverging with price, MACD lines are possibly diverging as well, as it seems it will make a shallower bottom, but strictly speaking, it's not the case at this moment. Stochastic RSI is currently crossing, coming from an oversold condition. I expect price to reacht the 1 ATR level

Daily:
After a bullish div, price is going up, formed a high, and price now falling back to the VZ. Stoch RSI crossing down from overbought condition, EFI in bullish territory, above zero. MACD-H and mLines ticking up, impulse currently blue. Good place to buy 1/2 now.
Waiting to see if this will make a higher low on the daily, coming out of the overbought condition. In that case I can add the other half.


Entry: 67,x
Target: 179
SL: 44,8


R/R : 1:5

ความคิดเห็น:

During the formation of the lower low, I added the other half. I have an average entry of 64 now. Bummer that we went into such a heavy decline after entry.

Currently the stop can be raised to the entry level, as there is a higher high on the daily and If it goes below that, the trade will have to be reconsidered anyway.

ความคิดเห็น:

*higher low*

ความคิดเห็น:

Stoploss can be moved to 65, around the entry level. This trade can/t be a looser anymore. Let's see if the setup unfolds, becoming a winner.

ความคิดเห็น:

Still holding on. Not bad, during this bearish tendency, that it did not get down to the break-even level even.