Time Frame: Daily Chart
Idea: Breakout
Factors to Consider:
- Crossover on the 9/21/50 EMA's
- Crypto Strength (Specifically BTC)
- Historical data over the last 12 months shows weak resistance in designated price zone (Highlighted Via Purple Rectangle)
- Volume & Open Interest heavily weighted on call options 2-3 Strikes OTM 11/19 Exp.
Note: Daily is currently overbought, pullback and consolidation for a better entry and trend continuation.
Idea: Breakout
Factors to Consider:
- Crossover on the 9/21/50 EMA's
- Crypto Strength (Specifically BTC)
- Historical data over the last 12 months shows weak resistance in designated price zone (Highlighted Via Purple Rectangle)
- Volume & Open Interest heavily weighted on call options 2-3 Strikes OTM 11/19 Exp.
Note: Daily is currently overbought, pullback and consolidation for a better entry and trend continuation.
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.
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.