This is a very bullish pattern, ADX+DI show the bullish trend is growing and ichimoku cloud confirms we're at support (not shown here). This kind of triangle is more rare but also more bullish (in my opinion) and unless BTC dumps again this is gonna break out soon. I consider the breakout verified after we go up that resistance (dashed line)
You've two options:
1) you enter now because we're close to support, wait for the breakout and after that just check if price overcome the resistance, if not you are already in profit;
2) you buy after breakout, in that case I'd suggest to wait for confirmation meaning price has to close over the resistance
use lower dashed line as support and stop loss level
You've two options:
1) you enter now because we're close to support, wait for the breakout and after that just check if price overcome the resistance, if not you are already in profit;
2) you buy after breakout, in that case I'd suggest to wait for confirmation meaning price has to close over the resistance
use lower dashed line as support and stop loss level
Comment:
NEO is approaching the apex of the triangle, if you're interested in the trade don't miss out your chance. Read my previous TA though
Comment:
Price broke out, retested the triangle and seems to be going up again. Good sign! Keep an eye on this one!
Comment:
everything is going well on this trade, currently +19% since my call and price is over what I identified as resistance. I hope it keeps going up but even if it retraces the important thing is that it stays over the dashed line.
Comment:
NEO went to 52USDT, retraced and now is over 50. Way to go! Congrats if you followed my TA!