Neblio Forming A Descending Triangle. Breakout Scenario Coming

BINANCE:NEBLBTC   Neblio / Bitcoin
Neblio on the daily chart is finishing to form a descending triangle . If volume shows a spike we will see a good outbreak.

Buying range is between 11500 to 12500 for mid term hodl.

T1 : 132480
T2 : 194570
T3 : 244750
T4 : 294940
T5 : 366390
T6 : Open target.

This is mid to long term opportunity with a good investment profits.
We will give short term opportunities when breakout is approaching. Stay Tuned. With Regards. Team TWA.
Jun 08
Trade active:
Pair : #NEBL / #BTC
RSI : 45.8
Note : #Neblio is one of those alternate coins that suffered from a very big loss from the downward trend formed since Mid March which counts upto 300% price level. It seems it almost finished its downward move and trying to form a reversal bullish trend. Candle stick formations looks bullish in addition to both MACD and RSI by the past 2 days and volume also increasing in a good momentum but needs some more energy to see the best performance in the uptrend.
Accumulation Area : 1500 sats - 1650 sats
Distribution Area
Short Term:
Target 1 : 1794 sats
Target 2 : 1875 sats
Target 3 :1956 sats
Target 4 : 2048 sats
Target 5 : 2155 sats
Mid Term Target
Target 6 : 2570 sats
Target 7 : 2906 sats
Target 8 : 3262 sats
Target 9 : 3720 sats
Target 10 : 4329 sats
Stop Loss : 1420 sats
Risk : Medium
Capital Accumulation : 4%
Isn't this a bearish pattern?
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