BARSTrading

Burgerswap - BURGERUSDT - Breaking Descending Wedge - 4hr

Long
BINANCE:BURGERUSDT   BURGER / TetherUS
Hello, we are seeing a bullish pattern indicator here, it is breaking the descending wedge, and it has already contested downwards one last time; entering the uptrend phase.
The take profit levels are
15 - 25%
17 - 25%
19.5 - 25%
25 - 25%

Alternate scenario: it consolidates around the lower level, and forms a large inverse head and shoulders as drawn, and you buy at the break of the right shoulder.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.