Greetings fellow traders,
Why didn't the price go further up? Well, because as you can see, it looks like it's becoming a bull pattern, ascending triangle. Which has a high probability of breaking out bullish! Big chance it's heading to test the support. Hopefully finding support. You should know how it works by now. Use regular candles, wait for candles to close significantly above or below resistance or support for break out confirmations. Well I have been DCA this coin for quite some time now. Apparently not concerned by these kind of corrections.
See chart for possible targets.
Good luck, be careful and may the trend gods be with you!
Why didn't the price go further up? Well, because as you can see, it looks like it's becoming a bull pattern, ascending triangle. Which has a high probability of breaking out bullish! Big chance it's heading to test the support. Hopefully finding support. You should know how it works by now. Use regular candles, wait for candles to close significantly above or below resistance or support for break out confirmations. Well I have been DCA this coin for quite some time now. Apparently not concerned by these kind of corrections.
See chart for possible targets.
Good luck, be careful and may the trend gods be with you!
Comment:
Well, we're pretty much on schedule. I reckon we can confirm adausd has found support at expected support levels.
Comment:
So far so good. Looks like the ascending triangle that we've analyzed a month ago, is finally breaking out bullish.
