COMMONUSDT.P – Market in Observation Mode Before Triangle Breako
COMMONUSDT.P has recently shown strong short positions entering the market. As profit-taking from those shorts starts to appear, the selling pressure may begin to fade.
Currently, the price is consolidating inside two overlapping triangles — a bullish (ascending) one and a bearish (descending) one. The structure suggests that the market is in a decision zone, and we should closely monitor the coming hours for a clear breakout.
A bullish breakout above the upper triangle would confirm a potential upward wave continuation, while a bearish breakdown below the lower structure would signal a possible extension of the downtrend.
For now, it’s a market observation phase — patience is key until the price confirms the direction with a decisive move.
Currently, the price is consolidating inside two overlapping triangles — a bullish (ascending) one and a bearish (descending) one. The structure suggests that the market is in a decision zone, and we should closely monitor the coming hours for a clear breakout.
A bullish breakout above the upper triangle would confirm a potential upward wave continuation, while a bearish breakdown below the lower structure would signal a possible extension of the downtrend.
For now, it’s a market observation phase — patience is key until the price confirms the direction with a decisive move.
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.
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.