Symmetric bearish triangle
The graph shows a bearish symmetrical triangle, where the market price records are contained by a resistance line (formed by points A and B) and a support line (formed by points C and D), is formed a break at point E, generating a downtrend, we enter a short position and take profits at a distance of the break equal to the base of the triangle (distance FG).
Temporality of 4 hours in the LNK / BTC pair in October 2019.
Temporality of 4 hours in the LNK / BTC pair in October 2019.
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.