ALPHAUSD: Long it

Technical Indicators:

1. Weekly:

1.1. RSI (14) : A Double Bottom has been formed
1.2. RSI (2) : A HH & a HL has been formed
1.3. Positive Divergence: RSI (2) since 26 Oct 20 so far has a positive divergence
1.4. SRSI seems to have made a triple bottom.

2. Daily:

2.1. RSI (14): the same is true about daily RSI
2.2. PSAR: It is going to breakout up the PSAR
2.3. SRSI: Not only has made a HH then again has formed a HL with K line crossing up the D line.

Price Channel:

1. Descending Channel : We are at the bottom
2. Ascending Channel : We are at the bottom

Targets:

1. TP1: 0.79
2. TP2: 1.00
3. SL: 0.54
4.R&R: 5.68 (reasonable)
Leverage 5

This is not a financial advice. It is for learning purpose only.