GALAUSDT BULLISH BREAKOUT FROM SYMMETRICAL TRIANGLE
Hello Traders,
Please push the button like if you like the idea :)
- Based on the higher trime frame 1D we can see MANA is playing inside the symmetrical triangle and we were waiting for a breakout that signaling that buyers are ready to push the price higher after some potential accumulation on
support level zone 0.7000$
-Taking the lower time frame 4H we can see that price action managed to break from the upper symmetrical triangle with confluence with the local support and the EMA20 & EMA50 Crossover , buyers should re-test the above resistance
zone on 1.000$ and break it if possible and take as the new support level or else price will fall back to previous support level , yet i suggest that price will break as it wont be the first attempt for the buyers to push the price higher
Good Luck Traders.
Please push the button like if you like the idea :)
- Based on the higher trime frame 1D we can see MANA is playing inside the symmetrical triangle and we were waiting for a breakout that signaling that buyers are ready to push the price higher after some potential accumulation on
support level zone 0.7000$
-Taking the lower time frame 4H we can see that price action managed to break from the upper symmetrical triangle with confluence with the local support and the EMA20 & EMA50 Crossover , buyers should re-test the above resistance
zone on 1.000$ and break it if possible and take as the new support level or else price will fall back to previous support level , yet i suggest that price will break as it wont be the first attempt for the buyers to push the price higher
Good Luck Traders.
Trade closed: target reached