Hello everyone,
A contracting triangle is forming on the 4H chart of ALICEUSDT.
It is likely that the falling diagonal resistance will be broken first, (the price may also break the rising diagonal support at the bottom!) and then it will rise to the resistance at an upper point (around 14.10). Approximately 10-12% movement can be observed.
Be sure to consider the stop buffer zone indicated at the bottom as a purple rectangle.
Have a nice day.
A contracting triangle is forming on the 4H chart of ALICEUSDT.
It is likely that the falling diagonal resistance will be broken first, (the price may also break the rising diagonal support at the bottom!) and then it will rise to the resistance at an upper point (around 14.10). Approximately 10-12% movement can be observed.
Be sure to consider the stop buffer zone indicated at the bottom as a purple rectangle.
Have a nice day.
Trade closed: target reached:
23 Dec 16:00 (UTC) candle reached the target.