ANALYSIS 🔎 - This is a higher timeframe analysis of my previous analysis on AUCTIONBUSD. - AUCTIONBUSD was bounded in a descending channel. - Price brokeout above the descending channel's resistance. - This is a bullish signal. - Price action is printing an ascending triangle pattern. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential.
BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the ascending triangle's horizontal resistance (@29.3) - Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯 - Short term targets (black arrow pointers): Fibonacci extension levels. - Long term targets (blue arrow pointers): Horizontal resistance levels (@55.913, @71).