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Sunday, August 25, 2024

August 25, 2024 at 02:39PM Long trade

Long trade

snapshot

Pair: SHIBUSDT
Date: Sunday, 25th August 2024
Time: 17:00 (5:00 PM) during the NY Session PM
Time Frame: 1-Hour Time Frame (1Hr TF)

Entry Level: 0.000015142
Profit Level: 0.000016048 (a 5.98%)
Stop Level: 0.000014888 (a 1.68%)
Risk-Reward Ratio (RR): 3.57

August 25, 2024 at 01:09PM DJI 8/26~30 LONG Forecast

DJI 8/26~30 LONG Forecast


1D Chart / LONG

Technical Grounds

-NV > +250M
-TV Strong buy
-LinReg Pearson <0.95
-Pivots HL still Long-Green
-LinReg > 90 degrees (uptrend)
-Reverse Head & Shoulders Formation
-NV shows a declination trend of negative bars
-Price crossed up SMA100, SMA20 & LinReg Mid Line
-Price crossed up index resistance on past Aug 15th
-Price level far from cyclic ending point of Sep 13th
-POLITICAL FACTOR: Elections coming / +Media Influence
-Fed announcing interest rate cuts (as political influence in elections / investors mindset)

SHIBUSDT / LONG ....


All Eyes on Bitcoin as US Dollar Index Hits 2024 Lows - BeInCrypto