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FieryTrading
Nov 30, 2022 12:35 PM

🔥 TWT Triangle Pending Break Out Long

TWT / TetherUSBinance

Description

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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.
Comments
Sherif5-97
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Perfect, thank you
Lingrid
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Nice idea! What SL can you recommend here?
DeGRAM
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Thank you for sharing your analysis. Great job!
Solldy
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Oh, man, that's a pretty brave idea, but I don't think it's a good idea. There are too many conflicting arguments right now. Although maybe that will change soon...
SwallowPremium
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Good view on the market. Keep it up)
AtlasTrades
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Looking good to open good position, now I know in which side
YMGroup
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I hope you are right bro!
RLinda
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Good look at the market, keep up the good work)
MonoCoinSignal
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Nice pov
brunowest1982
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shall it fake out to downside quickly then go up?
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