TezosLong
XTZ ascending triangle + cup & handle
Left chart
Ascending triangle:
Price target: 85% (A>B) * 70% = 59.5%
Right chart
Cup & handle:
Price target: 70.50% (A>B) * 61% = 43%
Position already entered at specified area. Looking to TP every 1:1 RR, and final target set at lower price target.
Ascending triangle:
- Break even failure rate for up breakouts: 17%
- Average rise: 43%
- Throwback rate: 64%
- Percentage meeting price target for up breakouts: 70%
- Volume: Trends downward at least 78% of the time
Price target: 85% (A>B) * 70% = 59.5%
Right chart
Cup & handle:
- Break even failure rate: 5%
- Average rise: 54%
- Throwback rate: 62%
- Percentage meeting price target: 61%
Price target: 70.50% (A>B) * 61% = 43%
Position already entered at specified area. Looking to TP every 1:1 RR, and final target set at lower price target.
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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.