BYDDY price is testing the ceiling of a multi-year ascending triangle formation with bullish logarithmic moving average (LOGMA) movement to the upside. If price can test this breakout zone (turquoise rectangle), price volatility may likely continue to the upper channel (in green), if it cannot then price will likely consolidate back into the sideways ascending triangle formation (in purple).
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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.