Descending triangle - breakout soon

Siacoin / Tether USDPoloniex

Description

⋅ Apr 19, 2021 5:24 PM

SCUSDT is forming a descending triangle and can break out to the south or north. Lookin at the EMA's south is more likely at this moment.

Comment

⋅ Apr 20, 2021 6:49 AM

South it is...

Trend Analysis Chart Patterns

Comments

CryptoCreepya

⋅ Apr 19, 2021 7:36 PM

stoch rsi showing upside according to your chart?

BreeCoin

⋅ Apr 19, 2021 7:51 PM

@CryptoCreepya,

On half hour timeframe it's overbought at the moment and even trying to break to upside as we speak. But this can change off course before reaching the top of the triangle. Need to see confirmation.

BreeCoin

⋅ Apr 19, 2021 9:30 PM

False breakout. Back in triangle.

CryptoCreepya

⋅ Apr 20, 2021 7:07 AM

@BreeCoin, i was out yesterday itself. the triangle rejected in btc pair. so sold at 85bits

also btc aint looking beautiful so all in fiat yesterday. safe heaven for now