FieryTrading

🔥 TWT Triangle Pending Break Out

Long
BINANCE:TWTUSDT   TWT / TetherUS
Some time ago I made an analysis on TWT and the Fibonacci reversal we found. In the end, we didn't reach the $2.75 value, but still got a nice 10% move. The low at $1.82 held, so the signal is still valid.


Currently, I'm looking at a different pattern on this asset. Over the course of the last two weeks or so, a clear triangle pattern can be drawn on the chart.

In my view, the most likely break out will be a bullish one. In case of a confirmed break out, I'm looking at the blue lines as potential profit targets.

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