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Blockbullder
Feb 28, 2023 8:32 PM

Descending Triangle + Bullish Divergence = Confluence Long

ANTUSDT Perpetual Swap ContractOKX

Description

Hi All,

On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs.

There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment.

Feel free to leave feedback on the idea

Blockbullder.

Comments
SwallowPremium
Great chart, very useful for assessing the market situation, thanks for sharing)
ilyasolloway
Great overview, I am agree with your idea!
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