Descending triangle / Potential Bullish reversal
Hello Traders,
-On 1D time chart we can see clearly that a descending triangle was formed and a breakout was validated yet in order to push the price higher we need to see buyers taking a step forward pushing the price higher to the last swing 0.154$ along with a decent amount of volume which will give us a bullish sign, if not the price might breakdown and we can go back again to our last strong supports 0.1$ - 0.080$.
-Until now as we know that a descending triangle is in general a bearish pattern but since we had a breakout an potential reversal pattern ( uptrend ) is on the rise.
-Wait for confirmation after breaking our last swing ( orange zone ) then set your entries /stop losses upon it
Good Luck Traders!
-On 1D time chart we can see clearly that a descending triangle was formed and a breakout was validated yet in order to push the price higher we need to see buyers taking a step forward pushing the price higher to the last swing 0.154$ along with a decent amount of volume which will give us a bullish sign, if not the price might breakdown and we can go back again to our last strong supports 0.1$ - 0.080$.
-Until now as we know that a descending triangle is in general a bearish pattern but since we had a breakout an potential reversal pattern ( uptrend ) is on the rise.
-Wait for confirmation after breaking our last swing ( orange zone ) then set your entries /stop losses upon it
Good Luck Traders!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.