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Johnny_a88
Jul 18, 2022 1:55 PM

GALAUSDT BULLISH BREAKOUT FROM SYMMETRICAL TRIANGLE Long

Decentraland / TetherUSBinance

Description

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.

Trade closed: target reached

Comments
karisma_619
very detailed analysis. have the same idea
Johnny_a88
@karisma_619, great my friend nice mindset
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