From 12/14/2018 a strong supportline is formed on the daily chart which is still holding up till today.
Everytime we close above this supportline the price rise at least 3%. Since this supportline is so strong its a good time to enter the trade when price closes above this supportline.
Slowly higher lows are forming in a ascending triangle. This triangle broke bullish on 1 april 2019 but couldn't hold this trend and the price bounced back in the triangle. Now the this price range is getting thighter and there might be soon a new attempt to break the resistance line. A ascending triangle is mostly a continuation pattern.
I'm new to technical analyses and i add this charts for educational purpose only, in this way i want to learn more and hear ideas from other traders.
Everytime we close above this supportline the price rise at least 3%. Since this supportline is so strong its a good time to enter the trade when price closes above this supportline.
Slowly higher lows are forming in a ascending triangle. This triangle broke bullish on 1 april 2019 but couldn't hold this trend and the price bounced back in the triangle. Now the this price range is getting thighter and there might be soon a new attempt to break the resistance line. A ascending triangle is mostly a continuation pattern.
I'm new to technical analyses and i add this charts for educational purpose only, in this way i want to learn more and hear ideas from other traders.