As it can be observed from the chart, the price has managed to form a triangle pattern. The triangle is getting squeezed and more squeezed. The best thing to do would be waiting for a breakout before opening transactions. However, the price is located at the lower boundary of the triangle, so we are expecting a push to the upside from here. The target would be the upper boundary of the triangle (the descending trendline)
What do you think about it, ladies and gents? Feel free to drop your opinions and ideas in the comment section below
What do you think about it, ladies and gents? Feel free to drop your opinions and ideas in the comment section below