TWT - Wait for the breakout!Here's a quick look at the TWT 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle, and we may see a breakout soon.
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The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart.
Targets:
1. 2.34$
2. 2.47$
3. 2.6$
4. 2.95$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
