$COIN - Reversal with upside of +40%

Technical Analysis (TA)
Weekly chart is oversold with William %R and RSI showing early reversals signs.
1D chart is forming a wedge and price is squeezing before a potential reversal about $70.

Price Target
Entry: $70+ breakout out
Take Profit: $100 (+40%)

#tradeidea

Zlecenie aktywne

Zlecenie aktywne:

Nice breakout above $70.

Komentarz:

Profit taking happening at $100 (hitting my Target 1 from the call made on 2 August).

With William %R and RSI entering overbought zones I expect a dip to higher low.

Support should be found at $70-$78