The previous trading idea for this coin yielded more than + 70% profit. There was a breakthrough of the horizontal accumulation channel. The price is now above the resistance of the horizontal accumulation channel. An expanding triangle is being formed on a global scale. And now inside is forming a symmetrical triangle.
The monitoring area was shown on the chart.
TARGET As the trend continued, I showed the levels of the target zones on the graph.
ENTRANCE On a breakthrough or rollback after a breakthrough, if there is one, the resistance lines of a symmetrical triangle.
Stop loss Under key support levels during your entry into the market.
The previous trading idea for this coin yielded more than + 70% profit. STEEM. A major player is gaining a large position of coins.
+ 72% from the bottom of the channel
Trade closed: target reached
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+ 36% 1 target achieved 3 days after the publication of a trading idea The total profit on the coin from the first trading idea is more than + 100%
Comment
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After the breakthrough of the formation, the price made + 36%. Then I will give and return to the formation zone, a false breakdown of the upward trend (green line) was made. The maker kept the price and the price made an impulse again + 22% from the resistance of the formation. Also on the graph we see a large volume.
Trade closed: target reached
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The goal of this widening triangle formation is achieved exactly +33 +22 + 44%
Trade closed: target reached
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All TARGET are closed + 430%
Comment
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After a profit of + 466%, now a possible move is + 77.77% inside an expanding triangle.
Entrance at the break of the downtrend line of the local ascending pennant inside the diverging triangle. Beginners are not recommended to trade inside such formations.