I was quite surprised when I scrolled through my charts and noticed suddenly this pennant.
For some weeks alreay, I was focused on some more downside towards that blue box so I didnt notice this pennant before......
This could break out very soon for a big move upwards.
Target is on the chart (0,03000+)
Tradingadvice: wait for the break out AND confirmation, formed by a Trend Continuation Pattern.
SL should be placed below the broken trendline but traders who are familiar with the fundamentals of this coin (I'm not) could think about placing below 0,018.
Check my link below for educational post about trading break outs.
For some weeks alreay, I was focused on some more downside towards that blue box so I didnt notice this pennant before......
This could break out very soon for a big move upwards.
Target is on the chart (0,03000+)
Tradingadvice: wait for the break out AND confirmation, formed by a Trend Continuation Pattern.
SL should be placed below the broken trendline but traders who are familiar with the fundamentals of this coin (I'm not) could think about placing below 0,018.
Check my link below for educational post about trading break outs.
Note
Breakout followed by a classic retest.Pulled back into my targetbox and already back on its way up.
Nothing to see here, move on ;-)
Note
Targetbox was lowered a bit due to that dip a few days ago and was reached today 
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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.
Related publications
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.