* Tezos in 1H time frame forms a Descending triangle pattern with respecting the upper trend-line as it's resistance and support near $2.7400.
* The popular opinion on Descending triangle is that, it may be a continuation pattern or a trend reversal pattern.
* If the price breaks the either side of the pattern we see a good move with a retest.
* The popular opinion on Descending triangle is that, it may be a continuation pattern or a trend reversal pattern.
* If the price breaks the either side of the pattern we see a good move with a retest.
Trade closed: target reached
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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.