🔺 Pattern:
An ascending triangle is forming, which is a bullish technical pattern if it breaks out with volume above the resistance level.
The TP1 (Take Profit 1) marked in the $64.72–$66.38 USD zone is logical and aligns with previous resistance levels.
🟢 Bullish Signals:
Imminent triangle breakout: if the price strongly surpasses the $59–$60 USD range, it confirms the pattern.
Increasing volume on previous green candles: a good sign of accumulation.
Slightly expanding Bollinger Band: may indicate the beginning of a stronger move.
EMAs are flattening, with a possible future crossover if a rally confirms.
đź”´ Risks and Key Levels to Watch:
The macro trend remains bearish: several timeframes (15m, 1H, 4H, 1D) show "BEARISH" zones.
Strong resistances: around $64.72, and especially between $72.31 and $76.00 USD.
If the breakout fails and price drops below $57.43, the pattern is invalidated and price may seek support at lower levels ($52–$50).
An ascending triangle is forming, which is a bullish technical pattern if it breaks out with volume above the resistance level.
The TP1 (Take Profit 1) marked in the $64.72–$66.38 USD zone is logical and aligns with previous resistance levels.
🟢 Bullish Signals:
Imminent triangle breakout: if the price strongly surpasses the $59–$60 USD range, it confirms the pattern.
Increasing volume on previous green candles: a good sign of accumulation.
Slightly expanding Bollinger Band: may indicate the beginning of a stronger move.
EMAs are flattening, with a possible future crossover if a rally confirms.
đź”´ Risks and Key Levels to Watch:
The macro trend remains bearish: several timeframes (15m, 1H, 4H, 1D) show "BEARISH" zones.
Strong resistances: around $64.72, and especially between $72.31 and $76.00 USD.
If the breakout fails and price drops below $57.43, the pattern is invalidated and price may seek support at lower levels ($52–$50).
Trade attivo
TP1 and TP2 reached!Trade chiuso: obiettivo raggiunto
Target reached!
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.