MORE PUSH TO THE UPSIDE
THE ASCENDING TRIANGLE AND THE BULLISH HIDDEN DIVERGENCE.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
The pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top.
The bullish hidden div:
The price spotted making a higher lows and the oscilator(rsi) forming a lower lows, this indicates an underlying strength good to entry.
This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals.
The most important part of chart pattern is to always wait for the breakout and price closing above the resistance line.
VERDICT:
BUY: $153.78
SELL:$157.58 up to $163
STOP LOSS:$146.45
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
THE ASCENDING TRIANGLE AND THE BULLISH HIDDEN DIVERGENCE.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
The pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top.
The bullish hidden div:
The price spotted making a higher lows and the oscilator(rsi) forming a lower lows, this indicates an underlying strength good to entry.
This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals.
The most important part of chart pattern is to always wait for the breakout and price closing above the resistance line.
VERDICT:
BUY: $153.78
SELL:$157.58 up to $163
STOP LOSS:$146.45
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
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.
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.