#1inch 
1INCH
A symmetrical triangle pattern in technical analysis is a chart pattern that indicates a period of consolidation before a potential breakout in either direction. It's formed by two converging trendlines: one sloping downward (resistance) and one sloping upward (support).
Wait for the price to break out of the triangle and enter a trade in the direction of the breakout.
Look for increased volume on the breakout to confirm the validity of the break.
Place a stop loss below the breakout level (for a bullish breakout) or above the breakout level (for a bearish breakout).
The target price can be estimated by measuring the height of the triangle at its widest point and adding it to the breakout level for bullish breakouts or subtracting it for bearish breakouts.
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1INCH A symmetrical triangle pattern in technical analysis is a chart pattern that indicates a period of consolidation before a potential breakout in either direction. It's formed by two converging trendlines: one sloping downward (resistance) and one sloping upward (support).
Wait for the price to break out of the triangle and enter a trade in the direction of the breakout.
Look for increased volume on the breakout to confirm the validity of the break.
Place a stop loss below the breakout level (for a bullish breakout) or above the breakout level (for a bearish breakout).
The target price can be estimated by measuring the height of the triangle at its widest point and adding it to the breakout level for bullish breakouts or subtracting it for bearish breakouts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.