POLONIEX:STRBTC has recently been seeing its self in a symmetrical pattern formation lately. It has been bouncing off the bottom support and rallying up to the resistance with high forming wicks. Most of the volume however is inside the normal pattern of the symmetrical triangle.
We know that a symetrical triangle forms:
Right now stellar is moving between the horizontal zones that are forming its current support and resistance. Look for a more bullish movement in the next coming days after recently making a higher low.
What do you think will happen to stellar? I would love to hear your opinion in the comment sections below!
We know that a symetrical triangle forms:
- Higher Lows
Lower Highs
Entry position above and below the formation
Right now stellar is moving between the horizontal zones that are forming its current support and resistance. Look for a more bullish movement in the next coming days after recently making a higher low.
What do you think will happen to stellar? I would love to hear your opinion in the comment sections below!