If GT holds above $11, I anticipate a parabolic move toward higher targets so 🎯 9xx
at $100 (✨)
Explanation:: The height of the triangle's base—the distance between the horizontal resistance ($11) and the lowest point of the triangle ($3.5)—is used to calculate the target. In this case. When the price breaks above the resistance ($11), you add the base height to the breakout level ie around $120 in a logarithmic view but 100$ in a conservative view
at $100 (✨)
Explanation:: The height of the triangle's base—the distance between the horizontal resistance ($11) and the lowest point of the triangle ($3.5)—is used to calculate the target. In this case. When the price breaks above the resistance ($11), you add the base height to the breakout level ie around $120 in a logarithmic view but 100$ in a conservative view
Note
Trade is ON, so far +50% with no leverage
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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.